Deutsche Bank Paid Ackermann $13.05 Million Last Year on Return to Profit Deutsche Bank AG, Germany’s biggest bank, boosted Chief Executive Officer Josef Ackermann’s pay more than six-fold last year after returning to profit.

Citigroup Bolsters Proprietary Trading Arm as Volcker Rule Spurs Defectors Citigroup Inc., the bank 27 percent owned by the U.S., is bolstering a unit that trades stocks with the lender’s own money after a proposed government ban of proprietary trading helped spur eight of its 22 employees to defect, people with direct knowledge of the matter said.

Merrill Hires Ex-Goldman Sachs Partner Reilly as Asian Equity Trading Head Bank of America Merrill Lynch appointed Gene Reilly, a former Goldman Sachs Group Inc. partner, as head of Asia-Pacific equity execution services, at least the third senior hire from the rival in six months.