Facebook has finally filed for an IPO, but it likely won't start trading for months. For those who can't wait to gamble on the stock market, bookies are accepting bets.

The Justice Department charged Switzerland's oldest bank Thursday with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service. The case marks the first time an overseas bank has been charged in the U.S. for aiding tax evasion.

Exclusive: Spain's economy minister Luis de Guindos shares the details of a reform package that could help get the country's economy back on track, but it will not go over well with many workers.

Whoever said that the world can be a scary place sure wasn't kidding. Consider a few of the frighteningly noteworthy events of the past year: Europe's economy slipped into a debt-induced coma; the euro went from being a potential global store of value to a currency on the brink of extinction; and growth in overheated markets like China and Brazil started to slow, prompting a nosedive in their equity prices.

After wreaking havoc in global financial markets last year, the debt crisis in Europe has entered a complicated new phase in 2012.