World stocks fell today, following Monday, one of the strongest days markets had in months.

The spike followed an announcement from the European Union and the International Monetary Fund that they would provide nearly $1 trillion to help bail out European nations.

NY Attorney General Andrew Cuomo has sued Bank of America and former CEO Ken Lewis for hiding huge losses at Merrill Lynch in 2008.

President Barack Obama is meeting with financial industry executives later this morning. That news comes as banking giant Citigroup says it will repay $20 billion of the $45 billion it received in government bailout money.