Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton have taken lead roles on the US Government's high-profile rescue plan for Citi, announced last night (23 November). The two Wall Street firms picked up the mandates as the US Government agreed on a rescue deal including a $20bn (£13bn) direct investment into the banking giant.Davis Polk advised Citi fielding a high-profile New York team including three practice group heads - M&A head George Bason, financial institutions head Randall Guynn, and tax head Avishai Shachar. M&A partner Louis Goldberg was also part of the team.
November 24, 2008 at 07:09 PM
1 minute read
The original version of this story was published on Legalweek
Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton have taken lead roles on the US Government’s high-profile rescue plan for Citi, announced last night (23 November).
The two Wall Street firms picked up the mandates as the US Government agreed on a rescue deal including a $20bn (£13bn) direct investment into the banking giant.
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