World News

ECB calls on Commerzbank to cut costs further: Handelsblatt

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)