A man has died following a knife attack at a bank branch in the German city of Regensburg, police confirmed on Thursday.

The incident has triggered a major security response, with special forces deployed to the scene.

Authorities stated that the suspected attacker remains inside the building alongside other individuals.

Initial reports suggested a hostage situation, but police later indicated that the status of those inside remained unclear.

The area around the branch has been secured as negotiators attempt to resolve the standoff.

The attack occurs against a backdrop of heightened scrutiny for the German financial sector.