Central banks fail to lift stock prices but equity bankers prepare deals

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Central banks fail to lift stock prices but equity bankers prepare deals

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(200316) -- BEIJING, March 16, 2020 (Xinhua) -- Photo taken on March 15, 2020 shows the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak. (Xinhua/Liu Jie) | Liu Jie/Xinhua News Agency/PA Images

Radical intervention by central banks around the world to calm markets will help give companies the comfort they need to prepare emergency capital increases to combat the effects of the spread of the coronavirus on their balance sheets, according to equity capital markets bankers.

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