Cravath, Davis Polk acting on $70bn cash lifeline set up after Lehman collapse

September 16, 2008 Cravath Swaine & Moore and Davis Polk & Wardwell have won places advising JP Morgan Chase and Citibank on the creation of the $70bn (£39.6bn) liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse.

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