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Obama a bit late on banker pay concerns

Bull's Eye

President Barack Obama’s critique of trader bonuses at Wall Street banks as still risky to the economy drew objections from financial executives who said the compensation system already has been fixed.

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Deutsche Bank - Foyer Bridge

Deutsche Bank sets trading unit target above 10%

Garth Ritchie, who leads Deutsche Bank’s trading business, told staff the firm is targeting a profitability target of more than 10% for the unit as Europe’s largest investment bank reorganizes in a bid to boost returns.