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Davis Polk wins role on new $250bn US bank rescue

Author: Jeremy Hodges

14 Oct 2008 | 15:53 | secure

Davis Polk & Wardwell has been appointed as the sole adviser to the Federal Reserve Bank of New York on the US Government's $250bn (£142bn) plan to purchase shares in nine of America's largest banks. The plan, announced by US President George Bush today (14 October) will take $250bn from the $700bn ...

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