By Jenny Strasburg 

Deutsche Bank AG executives have zeroed in on plans in recent weeks to eliminate close to 10,000 jobs, or about one in 10 employees, as part of moves to accelerate cost-cutting, according to people familiar with internal bank discussions.

The latest plan, with cuts that likely would extend into 2019, follows months of thorny debate over how fast and deep job losses should be at the beleaguered German lender. The process has divided senior executives and left investors unconvinced.

The bank's shares have fallen by nearly a third this year and are at their lowest since a crisis of confidence hit the bank in late 2016.

High-level clashes over staffing and budgets and conflicting opinions from outside investors and bank executives reveal the depth of Deutsche Bank's continuing struggles.

The lender's supervisory board and senior executives will confront investors Thursday in Frankfurt at its annual shareholder meeting. They will face a proposal to break up the company and probing questions about last month's CEO handoff and the tough choices the troubled lender has to make.

It has been a messy year for Deutsche Bank. The April 8 ouster of Chief Executive John Cryan in the middle of his management contract shook employees and appeared botched to some clients and investors.

Write to Jenny Strasburg at jenny.strasburg@wsj.com

(END) Dow Jones Newswires

May 23, 2018 09:09 ET (13:09 GMT)