This publication brings more moves-related news within the wealth management industry, this time concerning Germany's largest bank.

Deutsche Bank's co-chief executive John Cryan is reportedly considering the biggest shake-up of the group's management structure in over a decade.

Deutsche Bank is thinking about scrapping its 19-strong group executive committee, which advises the management board led by Cryan and co-chief executive Juergen Fitschen, according to a report by Bloomberg. The bank could not be reached for a comment.

The bank, which has suffered from regulatory punishments and rising compliance costs, has seen a raft of movements within its senior management team over recent months.

The reported plan for a further overhaul indicates ongoing pressure to cut costs. In June, it appointed John Cryan at the helm to take over from co-chief executive Anshu Jain and in May, it announced Stefan Krause will shift his chief financial officer role to Marcus Schenck. 

In its recent second-quarter results statement, Deutsche Bank revealed that its litigation charges over the three months totaled €1.2 billion ($1.34 billion), dwarfing last year's figure of €470 million. In April, the bank received a $2.5 billion fine from four different regulators in the UK and US for trying to manipulate inter-bank rates.