Europe correspondent Stephen Beard discusses what Europe thinks about JPMorgan's $2 billion blunder and how it might impact how European banks do business.

McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.

There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.

In Greece, private investors have agreed to write off about 75 percent of their loans to the country.