Write-Offs: 06.20.13

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$$$British Banks to Raise an Extra $21 Billion in Capital [Dealbook]

$$$More Firms Named in Libor Case [WSJ]

$$$Brevan Howard hedge fund hit by emerging market slide [Bloomberg]

$$$EU to decide who pays when banks fail [Reuters]

$$$Cronut delivery service launches in Manhattan, charging $100 per pastry [NYDN]

$$$Gross’s Total Return Leads Bond Fund Losses as Fed Sparks Slump [Bloomberg]

$$$Still Wanted: SEC Trading and Markets Chief [WSJ]

$$$ "Last week, I spent a night in a nest. Woven from eucalyptus branches, it bloomed high on the side of a cliff overlooking the Pacific Coast Highway, a great whorl of sticks atop four gnarly pillars. The north wind hissed through the gaps in the branches and the fog settled on my face and sleeping bag, but I could see the stars through the nest’s oculus entry and hear the elephant seals miles below honking and braying in a lullaby like no other. Designed and built by Jayson Fann for the Treebones “glamping” resort here (mostly yurts with a fantastic view), the nest, which costs $110 a night, is always booked. Mr. Fann, 40, a nest maker, artist, community educator and musician, said the nest is so popular, there have been nest marriages and, inevitably, nest babies. Proud parents send him photos." [NYT]

Related

Write-Offs: 07.12.12

$$$ Excited for Whale day? [Reuters] $$$ Banks’ Libor costs may hit $22bn [FT] $$$ Bain Starts Raising Buyout Fund With $6 Billion Target [Bloomberg] $$$ PFG Employee Files Lawsuit for Wages so he could afford the new leash, harness and doggie bed he had bought for Apple, his terrier mix [FINS] $$$ Piggy bank has a new meaning in a town east of Vienna after a surveillance camera caught a wild pig on a night foray to a local branch of one of Austria’s financial institutions. The Austria Press Agency reports that the inquisitive porker managed to push open a locked sliding glass door of a bank in Hainburg an der Donau to make its way inside. After looking around, it left the same way it came without causing significant damage, with the door locking behind it. [AP] $$$ A prominent broker-dealer is looking for a junior non-agency mortgage trader [DBCC] $$$ Richard Posner: Why There Are Too Many Patents in America [Atlantic] $$$ Goldman recruits former Treasury spokesman [FT] $$$ In spite of the Barclays scandal, LIBOR product continues to do well [Sober Look] $$$ Here you will find NSFW pictures of dinosaur loving [Daily Mail]