The fact that Greece defaulted on a loan from the International Monetary Fund should not create significant direct losses for US banks, but it could disrupt financial markets enough to weigh down future results, analysts said.

European finance ministers rejected Athens's request for emergency aid Tuesday, and the country missed a €1.55 billion ($1.74 billion) payment to the IMF. Meanwhile, Greek banks remained shut after the European Central Bank froze the level of emergency financing it had outstanding to Greek banks.