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

By Aidan Gregory
23 Mar 2020

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.

On Monday morning, the US Federal Reserve announced a series of new measures to prop up distressed firms and markets, including unlimited quantitative easing. This followed similar measures by the European Central Bank last week.

“It has helped take some of the stress out of the system ...

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