Banks turn to Cravath, Davis Polk for creation of $70bn liquidity fund
Cravath Swaine & Moore and Davis Polk & Wardwell won places advising on the creation of the $70bn (£39.29bn) liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse. Cravath is representing JPMorgan Chase as administrative agent and collateral agent for the facility, which will be made available to bail […]