Write-Offs: 06.10.13

Author:

$$$ Apologising if he sounds “pompous”, Hester says the RBS job was something he took on as a “mission. I could have stayed out of the limelight at British Land but I wanted the challenge. Now I’ve taken it on, it commands all my focus.” Returning RBS to sustainable profitability and to private sector ownership will be the key measures of success. “I hate not winning, I hate it,” he says with a glimmer of passion. [FT]

$$$Investing the Downward Dog Way? Adviser Suggests Deep Breaths [WSJ]

$$$Lululemon CEO To Step Down [WSJ]

$$$A Rise in Requests From Brokers to Wipe the Slate Clean [Dealbook]

$$$Want Free Stanley Cup Tickets? Try Impressing This Craigslist Weirdo [Deadspin]

$$$These CDO Names Don't Cry 'Wolf' [WSJ]

$$$Nomura Not Scared by Its Ghosts [WSJ]

$$$Best Excuses From ‘Whitey’ Bulger Jury Selection [CBS]

Write-Offs

ECB boosts aid to Greece; People have intense feelings about Hamilton being bumped from the ten dollar bill; Libor; Uber; "Motorized surfboard filled with $100,000 worth of meth washes up in Tijuana"; and more.

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Possible criminal probes for RBS, JPM executives; Regulators probe start-up valuations; Virginia man accused of 'assault' with a sandwich; and more.

Write-Offs

$$$ EU could rewrite eurozone budgets [FT] $$$ Moody's Cuts Ratings on 28 Spanish Banks [WSJ] $$$ Do-it-yourself currency devaluation [NetNet / John Carney] $$$ Greek Finance Minister Quits Days Into The Job [Bloomberg] $$$ RBS computer failure condemns man to spend weekend in jail [Telegraph] $$$ Feeding your pet rabbit carrots could be bad for him [NYP] $$$ A leading tech focused M&A boutique investment bank would like to hire a senior associate or VP - could it be you? [DBCC] $$$ Mapping and Sizing the U.S. Repo Market [Liberty Street Economics] $$$ Downgrade of Funds to Have Broad Effects [WSJ] $$$ Banks fight Fed's push to make them less entwined [Reuters] $$$ "Breastaurants" Experiencing a Mini-Boom [AP] $$$ A Jew-Hating Elmo In Central Park [Gawker]

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$$$ Cyprus Plans Bank Restructuring to Save Rescue [WSJ] $$$ S&P Cuts Rating on Cyprus by One Notch to Triple-C [Reuters] $$$ Hedge funds storm back into form [FT] $$$ Lululemon Sheer Yoga Pants Undetected Until Bend-Over Test [Bloomberg] $$$ Former MSNBC Host Dylan Ratigan Quit New York To Work On Hydroponic Organic Farm [TPM] $$$ Once-obese Goldman analyst becomes fitness evangelical, gym CEO [Reuters] $$$ Southeastern had eyed joining Dell buyout group [Reuters] $$$ Gold Giants Shrink to Fit as Paulson Pushes Breakup [Bloomberg] $$$ "And there was this dichotomy, like dumb versus smart money. We're smart money; they're dumb money. We are so smart that we deserve their money. It was essentially kind of an entitlement. And it was really unattractive to me. I spent a lot of time at lunch trying to understand the mindset of, like, how does being good at math give us the right to do this?" [EconTalk] $$$ A Watermelon, a Golf Course, a Horse, and Monstrous Dogs: 12 New Paintings from George W. Bush [Gawker]

Write-Offs

Write-Offs: 06.10.13

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