ECB calls on Commerzbank to cut costs further: Handelsblatt

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FRANKFURT (Reuters) – The European Central Bank has called on Commerzbank (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.

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