Foreign news: Amex president dies, Deutsche's planned staff cuts provoke backlash 01 June 2015 4:03PM Banking Day staff Foreign news, Ed Gilligan, president of American Express since 2013, died on Friday, while flying on a corporate plane in the United States, the Guardian reports. Amex said Gilligan, 55, had fallen ill on the flight but did not provide further details. Gilligan had a 35 year career with Amex, starting with the card company as an intern. Deutsche Bank labour representatives at the bank's Frankfurt headquarters have called for the resignation of co-chief executive Anshu Jain as Germany's largest lender prepares to slash jobs. The works council representing employees in key administrative functions at the bank's corporate centre said staff morale was suffering, Reuters reports. The bank is preparing some €4.7 billion in cost cuts that are expected to hit staff worldwide.