Deutsche Bank said on Thursday that it would eliminate 1,000 full-time positions in Germany as part of job cuts the embattled lender first announced last year, the International New York Times DealBook blog reported. The announcement comes with Deutsche Bank facing a series of challenges. Its shares have plunged more than 50 percent in the past year over concerns about the pace of attempts to turn business around after a run of poor financial results and a failing grade in a banking stress test in June.

The International Monetary Fund did not bring up Deutsche Bank’s name when it warned in its financial stability report that cash-poor banks in Europe with outdated business models posed a threat to the financial system, the International New York Times reported. But at a news conference on Wednesday to discuss the study’s findings, fund officials charged with gauging financial stability risks worldwide showed no such reluctance.

Germany’s largest bank appears in danger, sending stock markets worldwide on a wild ride. Yet the biggest source of worry is less about its finances than a vast tangle of unknowns — not least, whether Europe can muster the will to mount a rescue in the event of an emergency, the International New York Times reported. In short, fears that Europe lacks the cohesion to avoid a financial crisis may be enhancing the threat of one.

Germany will not help ailing lenders such as Deutsche Bank, senior lawmakers in Chancellor Angela Merkel's conservative bloc said today, as resistance grew to any possibility of staging a rescue, Reuters reported. Concerns over the stability of Germany's largest bank pushed its U.S-listed shares down by more than 8 percent in New York on Thursday after they touched a record low in Europe this week. Seeking to reassure investors, Deutsche said that its trading clients remained largely supportive. The immediate cause of Deutsche's crisis is a fine of up to $14 billion from the U.S.

The cost of insuring Deutsche Bank AG’s subordinated debt rose to a record amid growing concerns about the lender’s financial health, Bloomberg News reported today. Credit-default swaps on the German lender’s junior bonds jumped as much as 37 basis points to 536 basis points, the highest level in CMA prices going back to 2007. The lender’s 1.75 billion euros ($2 billion) of 6 percent additional Tier 1 bonds, the first to take losses in a crisis, fell about 2 cents on the euro to a more than seven-month low of 71 cents, according to data compiled by Bloomberg.

Allianz is in talks with interested parties about the partial or total sale of regional private bank Oldenburgische Landesbank AG (OLB), which is 90 percent owned by the German insurer, Reuters reported today. U.S. private equity group Apollo and Germany's Commerzbank had submitted non-binding offers for the bank, which has assets of 13 billion euros ($14.6 billion), according to the report.

The number of German companies filing for insolvency fell further in the first half of the year after reaching a record low in 2015, as Europe's biggest economy enjoys a prolonged upswing, data showed on Wednesday, Reuters reported. The number of companies registering as insolvent fell by 5 percent to some 11,000 compared to the first six months in the previous year, the Federal Statistics Office said.

German oilseed crushing mill Naturoel Anklam has filed for insolvency at a local court, said its parent, German farm company KTG Agrar which is itself insolvent, Reuters reported. Naturoel Anklam, based in Anklam in east Germany, processes about 100,000 tonnes of oilseeds annually, especially rapeseed. The reason for the mill's insolvency application is a disputed tax payment demand, KTG Agrar said in a statement late on Wednesday. KTG Agrar itself filed for insolvency proceedings in July and is undergoing restructuring.

A German state bad bank has accelerated the wind-up of Dublin-based lender Depfa Bank, after buying back €5.6 billion of its bonds from the market so far this year, the Irish Times reported. The move by bad bank FMS Wertmanagement to mop up Depfa Bank’s liabilities in the market comes as it also shrinks the lender’s assets at pace. A spokesman for FMS-WM in Munich said the wind-down is currently being carried out “faster than planned”. However, he declined to say when the bank would ultimately be wound down.

The administrator of insolvent German online travel group Unister has hired Macquarie to find a buyer for the company operating popular sites such as flight booking platform fluege.de and package travel site ab-in-den-urlaub.de. "We see enormous demand from investors for the Unister group or parts of it," Lucas Floether told Reuters on Tuesday. Groups such as broadcaster ProSieben and private equity firm EQT have shown interest in Unister in two earlier sale attempts, the most recent of which collapsed in spring 2015 over valuation issues.