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  • "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...

  • COLUMN-ECB launches QE with trailing wind: James Saft Tuesday, 10 Mar 2015 | 3:00 PM ET

    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.

  • Financial ETFs to watch if rates hike   Tuesday, 10 Mar 2015 | 2:11 PM ET
    Financial ETFs to watch if rates hike

    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...

  • Cecchetti: ECB QE is already a success   Tuesday, 10 Mar 2015 | 12:50 PM ET
    Cecchetti: ECB's QE is already a success

    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...

  • Credit Suisse's Dougan: Joint decision to leave   Tuesday, 10 Mar 2015 | 11:30 AM ET
    Credit Suisse's Dougan: Joint decision to leave

    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.

  • Dougan: Watch this 'unusual market'   Tuesday, 10 Mar 2015 | 11:30 AM ET
    Dougan: Watch this 'unusual market'

    Brady Dougan, outgoing CEO of Credit Suisse, says it's "an unusual time for the markets," which will continue for some time.

  • Dougan: Why Thiam is right for Credit Suisse   Tuesday, 10 Mar 2015 | 11:30 AM ET
    Dougan: Why Thiam is right for Credit Suisse

    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.

  • Credit Suisse’s Dougan: Joint decision to leave Tuesday, 10 Mar 2015 | 3:30 PM ET
    Brady Dougan, chief executive officer of Credit Suisse Group AG.

    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.

  • Tea party divided by Export-Import Bank Tuesday, 10 Mar 2015 | 10:55 AM ET
    William Schubert, president of a small infrastructure export firm

    Conservatives are frustrated by their failure to stop President Obama’s immigration and healthcare policies. The New York Times reports.

  • This will help US stocks: Morgan Stanley CFO Tuesday, 10 Mar 2015 | 9:02 AM ET
    Morgan Stanley

    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...

  • Thiam: Always going to leave Prudential   Tuesday, 10 Mar 2015 | 6:30 AM ET
    Thiam: Always going to leave Prudential

    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.

  • Thiam: Credit Suisse is a 'great brand'   Tuesday, 10 Mar 2015 | 6:30 AM ET
    Thiam: Credit Suisse is a 'great brand'

    Tidjane Thiam, outgoing CEO of Prudential, talks about his move to Credit Suisse, adding that he has complete respect for his predecessor, Brady Dougan.

  • Thiam: I believe in renewal   Tuesday, 10 Mar 2015 | 6:30 AM ET
    Thiam: I believe in renewal

    Tidjane Thiam, outgoing CEO of Prudential, says he believes "in renewal" within a business structure.

  • New Credit Suisse CEO must deliver 'credible strategy'

    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 names Tidjane Thiam as new CEO Tuesday, 10 Mar 2015 | 3:52 AM ET
    Tidjane Thiam, chief executive officer of Prudential Plc

    Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.

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