ECB calls on Commerzbank to cut costs further: Handelsblatt

February 10, 2020 2:38 PM EST

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 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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