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For comparison, the private equity buyout of Citrix Systems Inc. was signed in January, and last month banks sold most of the $15 billion of debt for the deal at prices of 83.5 to 91 cents on the dollar. Similar levels here would leave Musk’s banks with more than a billion dollars of losses.

Elon’s Back

bloomberg.com

Before you explain something, you probably need to motivate it. Why should this person care about what I'm going to tell them? It often only takes a few words to do so.

Lessons from my PhD

Austin Z. Henley

Books can contain other books. There is a hierarchy of nested books all the way up the bank from the smallest bond desk to a single book for the entire bank.

An Oral History of Bank Python

calpaterson.com

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