Germany's second largest bank, Commerzbank is planning to cut almost 10,000 jobs over and will stop paying dividends to shareholders. These actions will take place over the next 4 years.

When the news broke about Deutsche Bank collapsing, the German government said it will not assist the ailing bank – however, some have reported that the situation appears so dire that they may have softened.

According to Die Zeit, the German financial sector is in talks with the government to have a rescue plan in place to head off a total collapse of the bank. However, Deutsche Bank and the German Finance Ministry  have denied that the government would be prepared to hold a 25% stake in the bank to prop it up.

"This report is false. The federal government is preparing no rescue plans. There is no reason for such speculation. The bank has said that clearly." A member of the Finance Ministry said yesterday. (source)