Deutsche Bank to shrink executive boards, cut jobs, Reuters reports

Deutsche Bank, which is set to report Q1 results on April 27, plans to shrink its executive board to nine members from the current 10 and will also cut jobs in infrastructure and in its private banking business, Reuters’ Marta Orosz reports. According to a source close to the bank, cost-cutting measures won’t affect plans to replace deputy CEO Karl von Rohr, who isn’t planning to renew his contract as a board member after October. Reference Link