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...And it’s not just the short sellers but it’s the customers as well asking if their deposits are safe,” said Chris Whalen, chair of Whalen Global Advisors....
...The benchmark S&P 500 closed down 1.7 per cent, its second consecutive day of losses, while the tech-heavy Nasdaq Composite declined 1.8 per cent....
...The A380’s large size makes it ideal to house all the necessary test equipment, but the technology is likely to be deployed to a much smaller commercial plane....
...Since yields bottomed last August, the KBW bank index has risen by two-thirds, tripling the return of the S&P 500....
...This limited the two lenders’ chances of getting their offering away at a good price, said Christopher Whalen of Whalen Global Advisors....
...“We have had years now of concern about rising interest rates and what that will do to bond returns,” Mr Whalen said....
...Mr Whalen says: “Before the [financial] crisis, servicing a defaulted mortgage cost less than $500 annually....
...The S&P 500 meanwhile has bounced 15 per cent from Autumn lows....
...The Nasdaq composite index underperformed the S&P 500, up 0.9 per cent at 2,467.69....
...GMAC, the troubled car and home lender, on Tuesday said that Robert S....
...’s simply the best company in the S&P 500.”...
...He has decided to name Joseph Shenker as vice-chairman, setting him up as heir to the throne of S&C a few years down the line....
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