February 10, 2020 / 7:41 PM / 6 days ago

ECB calls on Commerzbank to cut costs further: Handelsblatt

The headquarters of the Commerzbank are pictured before the bank's annual news conference in Frankfurt, Germany, February 8, 2018. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - The European Central Bank has called on Commerzbank (CBKG.DE) to cut costs further, German newspaper Handelsblatt reported on Monday.

Handelsblatt, citing unnamed sources, said the ECB made the plea at a meeting of the bank’s supervisory board on Dec. 4.

Commerzbank declined to comment. The ECB did not immediately respond to a request for comment outside of business hours.

Reporting by Tom Sims, Eiditng by Timothy Heritage

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