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Preliminary Analytics | 08.19.09

PiggyBank_broken.jpgReluctant Shoppers Hold Back Recovery “Retail executives said they don’t expect conditions to improve until next spring. Some stores are girding for slow back-to-school and Christmas seasons by cutting inventories.” [WSJ]
California to get $1.5-billion loan from JPMorgan Chase – Oh Jamie Dimon, you can do anything! [Los Angeles Times]
Anschutz Sues Bond Raters, Banks Over Auction Rate Securities – You show ’em Phil. [Bloomberg]
More Banks in Europe Identified in Tax Probe – “Among the banks named in the voluntary disclosures are Swiss banks Credit Suisse Group AG, Julius Baer Holding AG, Zürcher Kantonalbank and Union Bancaire Privée, known as UBP.” [WSJ]