Franz Beckenbauer has called off his planned trip to Brazil after being provisionally banned by FIFA while an investigation takes place into his refusal to co-operate with a probe into World Cup bidding.

Franz Beckenbauer has become the highest-profile casualty of Fifa’s probe into World Cup bidding after the German was provisionally banned for 90 days while he is investigated for refusing to cooperate.

Commerzbank, the German lender that plans to cut 5,200 jobs by 2016, said two executives will leave its management board as part of the reductions.