Wednesday, December 14, 2011

Morning roundup: Euro worries persist

Here's a look at this morning's banking and finance news:

  • Bank analyst Meredith Whitney predicted "hundreds of billions of dollars" of municipal defaults, investors fled the market - and banks cashed in. Bloomberg explains.

  • U.S. stock futures dipped this morning as investors' anxiety over European debt continued, The Wall Street Journal reports.

  • Applications for refinancing on home mortgages jumped last week, according to The Mortgage Bankers Association, Reuters reports.

  • Fortune lays out the "best and worst" of Wall Street, with a nod to Bank of America CEO Brian Moynihan.

  • The New York Times examines Wall Street's "odd couple" of private equity and public pensions, saying public pensions pay billions in fees to private equity.