Edmond de Rothschild Group, is about to issue a cease-and-desist order to the French financial adviser Rothschild & Cie.» Read More
"That relative value trade is what is driving the market, more than anything else," said Larry Milstein, head of U.S. government and agency trading at R.W. Pressprich& Co. in New York. Germany's 10- year bund fell to a record low of 0.23 percent on Tuesday, the second day of European Central Bank purchases under a 1 trillion-euro program meant to revive inflation and...
March 10- The European Central Bank is about to discover that for once, by launching a bond-buying campaign just as credit conditions improve, it is getting lucky. The ECB began buying up government bonds on Monday under a plan to fight deflation and slow growth by injecting more than 1 trillion euros into the euro zone over the next year and a half.
Eric Mustin, WallachBeth Captial, discusses how the rise of rates could help banks considerably.
LONDON, March 10- Yields on the debt of nearly all euro zone countries dropped to record lows on Tuesday, a day after the European Central Bank began buying bonds in an effort to revive inflation and economic growth. Central banks put in around 15 million to 20 million euros of orders-- less than half the orders seen during the ECB's first bond-buying programme, at the...
Stephen Cecchetti, professor of international economics and finance at Brandeis International Business School, says that the quantitative easing program is already a success, however, the risk-sharing aspect may be problematic for Europe.
By Gulsen Solaker and Nevzat Devranoglu. ANKARA/ ISTANBUL, March 10- Efforts by Turkey's central bank to defend the lira did little to lift it off record lows on Tuesday, outweighed by a globally strong dollar and concern about President Tayyip Erdogan's intervention in monetary policy. In a complex series of steps, the bank said it would adjust its reserve...
Brady Dougan, outgoing CEO of Credit Suisse, says that the decision to leave the Swiss bank was jointly decided with the board, and that a high priority for him was to make sure there was a smooth transition with his departure.
Brady Dougan, outgoing CEO of Credit Suisse, says it's "an unusual time for the markets," which will continue for some time.
Brady Dougan, outgoing CEO of Credit Suisse, says that his replacement, Tidjane Thiam, has courage, good vision and a background that is ideal for the business.
The outgoing Credit Suisse chief executive told CNBC that the decision to leave the Swiss bank was reached mutually, adding that he had "accomplished quite a lot."
NEW YORK, March 10- The U.S. dollar hit a fresh nearly 12- year peak against the euro and its highest level against the Japanese yen in nearly eight years on Tuesday on expectations for a mid-year Federal Reserve rate hike and the European Central Bank's bond-buying program. The euro fell to $1.07205, its lowest level since April 2003, before paring losses.
Conservatives are frustrated by their failure to stop President Obama’s immigration and healthcare policies. The New York Times reports.
Morgan Stanley sees a lengthy recovery ahead for Europe and an improving picture in the United States, CFO Ruth Porat tells CNBC.
ATHENS, March 10- Greece is set to tap into more than half a billion euros of funds sitting in the country's bank rescue fund as it scrambles to find money this month amid a cash crunch, banking and government sources told Reuters on Tuesday. The government faces a 1.5 billion euro loan repayment to the International Monetary Fund this month and has to refinance...
Tidjane Thiam, outgoing CEO of Prudential, says that he always knew he'd leave Prudential someday, and that he doesn't know who will take his position.
Tidjane Thiam, outgoing CEO of Prudential, talks about his move to Credit Suisse, adding that he has complete respect for his predecessor, Brady Dougan.
Tidjane Thiam, outgoing CEO of Prudential, says he believes "in renewal" within a business structure.
CNBC's Carolin Roth says that new CEO Tidjane Thiam will have to navigate Credit Suisse through a "very choppy and very volatile market environment."
ZURICH/ HONG KONG, March 10- Credit Suisse said it had hired Prudential head Tidjane Thiam as the first African to lead a global investment bank, with the job of reviving a company reeling from U.S. penalties and under increasing regulatory scrutiny. Credit Suisse Chairman Urs Rohner said long-standing boss Brady Dougan was stepping down as chief executive of...
Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.