Write-Offs: 01.27.14

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$$$RBS Set for Biggest Loss Since 2008 After $5.1 Billion Provision [Bloomberg]

$$$Fed Would Need to Reveal More on Bank Oversight Under Bill [Bloomberg]

$$$Philanthropist, demolition kingpin, and wannabe media mogul Chen Guangbiao’s quixotic quest for the New York Times. [NYM / Jessica Pressler]

$$$“All these aspirational schnooks came out here thinking that they had really made it,” said Mr. Fountain, a real estate broker, blogger and lifelong Greenwich resident. “But then the tide went out and what you are left with is a bunch of crooks.” [NYT]

$$$Usher, Scooter Braun fly to Panama for ‘sit down’ with Justin Bieber [NYDN]

$$$China banking worries 'way overblown': Wilbur Ross [CNBC]

$$$Hedge funds get a reminder of how it feels to lose [CNBC]

$$$Table Tennis Match Gets Progressively More Entertaining And Absurd [Deadspin]

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$$$ Fed Minutes Suggest Action Likely [WSJ] $$$ Ainslie Up 20% As Stock Hedge Funds Defy Four-Year Slump $$$ Best Buy shareholders caught in the crossfire [Term Sheet] $$$ FTC Clears Facebook’s Instagram Purchase [Deal Journal] $$$ "Bain is a financial firm, but Romney wasn’t some Wall Street bank-monkey with a pitch book. He was the guy who fired you." [National Review] [!!] $$$ Wharton-Bound Goat Trainer Failed To Get Her Pet Goat To Perform On National Television [IvyGate] $$$ A middle market private equity firm is looking for a senior associate in South Florida [DBCC] $$$ Bernanke ‘More Popular Than Justin Bieber’? [CNBC] $$$ Broken Brokerages: Finance Luminaries Join Fight Over Uniform Fiduciary Standard [NYO] $$$ Chinese acquisitions in US near record [FT] $$$ Obama Says First Dog Bo Is on a Diet [DI] $$$ Man Convicted of Assault for Punching McDonald’s Employee After Sundae Arrived with Hot Fudge on the Bottom [Gawker]