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471. Europe Should Prepare for a Possibly 'Messy' Greek Departure From Euro

Global market indexes fell Wednesday after the International Monetary Fund head said Europe should prepare for a possibly "messy" Greek departure from the euro.

472. Markets Post Modest Gains

U.S. markets opened modestly higher Tuesday with investors looking at a slew of economic reports.

473. German Economy Rebounds

Germany warded off the threat of recession during the first quarter of 2012, with data released Tuesday showing strong exports driving Europe's biggest economy to post a bigger-than-forecast 0.5 percent growth rate.

474. European Union Wants Greece in the Eurozone

The European Commission insisted Monday that it is dedicated to keeping Greece in the eurozone, after its president appeared to suggest in an interview that Athens should leave if it doesn't stick by its financial promises.

475. Spain Announces Bank Reforms

Spain has announced a drastic reform forcing banks to set aside a new 30bn euro ($39bn) financial cushion and also asked banks to separate property assets from their balance sheets.

476. King of Wall Street Suffers a Dent To his crown

Dubbed the king of Wall Street, Jamie Dimon, the chief executive of JPMorgan Chase, was forced to announce that the US' biggest bank had racked up losses of about 2 billion dollars in risky trading since the beginning of April.

477. S&B Industrial Minerals First Quarter 2012 Financial Results (IFRS)

ATHENS, GREECE -- (Marketwire) -- 05/11/12 -- S&B announces (S&B) (ATHEX: ARBA), First Quarter 2012 Financial Results.

478. JPMorgan Chase Posts $2 Billion Loss in Risky Trade

Banking shares around the world fell Friday after JPMorgan Chase & Co, the US' biggest bank, said it had racked up losses of about 2 billion dollars in risky trading since the start of April.

479. US Central Bank Chair: Banks are Stronger, Lending Is Tight

Federal Reserve chairman Ben Bernanke Thursday signalled that the U.S. banking system is stronger, but added that tight lending continues to constrain the mortgage market. U.S. banks have surprised analysts with successive strong quarterly profits over the past year or so.

480. Greek Anti-bailout Left Takes Hand at Forming Government

Greece's leftist Syriza party called on mainstream parties Tuesday to reverse their support for Europe's austerity programme, as Syriza's leader tried to form a coalition out of the hung parliament that resulted from the weekend's elections.

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