$$$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]