Commerzbank Urged to Step Up Cuts, Overhaul Model in Review
- Germany asked Boston Consulting Group to review bank strategy
- Review says bank should further cut businesses and curb costs
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Commerzbank AG needs to further overhaul its business model and intensify cost cuts, according to a government-commissioned review that renews pressure on Chief Executive Officer Martin Zielke to take more drastic action to turn around the lender.