Should you wish to work at Deutsche (currently ranked second for mean pay per head in 2009), Josef Ackermann has some interesting pointers on where you ought to focus your attention.

Bloomberg claims to be in receipt of a letter written by Josef to his staff, which outlines Deutsche’s intention to grow in Asia and strengthen equity, commodity and electronic trading.

Earlier this week, we claimed that Deutsche will be hiring analysts, associates and VPs in M&A in 2010. Ackermann doesn’t mention this specifically in his missive, but he does say that the bank aspires to be in the top five worldwide in corporate finance. It ranked 7th in 3Q09 according to Thompson Reuters.

Deutsche predicting M&A will double next year. (Financial News)

RBS makes £1.5bn loss as bad debts triple. (The Times)

“I am a little bit surprised by the numbers, I didn't expect it to be this bad." (Telegraph)

UBS fined for allowing traders to ‘systematically’ make trades with clients’ money. (Bloomberg)

Frances introduces ‘strict’ new bonus rules. (CNN)

Dick Bove says bank stocks will double in price. (Bloomberg)

Tom King will join BarCap in mid-December. (WSJ)

Everyone wants to work at BarCap and Nomura. (WSJ)

Interdealer broking is a “tough” and “tribal” industry in which pinching each other’s staff is the norm. (The Times)

To lose money on a total of only three days over the last two quarters defies rules of logic, assuming that markets are free, fair, and balanced. (SenseonCents)

It may be Thanksgiving before BofA announces a new CEO. (NY Post)

Morgan Stanley really was not expecting to receive the swine flu vaccine ahead of hospitals. (CNBC)

How to avoid paying tax for 33 years. (Telegraph)