Someone forgot to tell investors in Facebook that the Europe situation remains on the brink of self-destruction.

Reuters

Rebekah Brooks, a former chief executive of Rupert Murdoch's British newspaper arm, has been charged with perverting the course of justice over a phone hacking scandal at one of the media mogul's papers, British prosecutors said on Tuesday. "I have concluded ... there is sufficient evidence for there to be a realistic prospect of conviction," said Alison Levitt, Principal Legal Advisor to the Director of Public Prosecutions.

So the Greeks have spent the last few days trying to form a big gang. Members from various little gangs try to find common ground, whilst ignoring the flashing of switchblades as they jockey for advantageous position as head honcho. Eventually the president banged heads together, which just resulted in sore heads rather than anything useful.

Reuters

Greece's political leaders meet on Wednesday to form a caretaker government to take it to a second election in just over a month, with its euro membership at stake and its president speaking of "fear that could develop into panic" at its banks. President Karolos Papoulias was forced to call a new vote after failing to cobble together a coalition government.

The CDS market, being a form of insurance for bank debt, is supposed to be one of the measures we can use to gauge bank creditworthiness. This is a more timely measure than agency ratings, which tend to be based on historical data and have a history of missing the point.

BBC

Top executives at JPMorgan Chase are expected to resign this week following $2bn (£1.2bn) of losses at the bank's London trading desk, reports suggest. They include chief investment officer Ina Drew, the New York Times said. Two other high-ranking executives are also set to leave, according to US media. On Sunday, JPMorgan boss Jamie Dimon said he was "dead wrong" to dismiss concerns about trading at the bank.