Spain’s Frob shakes up management ahead of bailouts


The governing committee of Spain's Fund for Orderly Bank Restructuring (Frob), the organisation responsible for managing the restructuring and recapitalising Spanish banks, on July 6 agreed on a number of appointments aimed at strengthening its management team. The changes were made shortly before the Eurogroup revealed in a press conference today (July 9) that the first €30 billion ($36.7 billion) tranche of bailout funds would be handled by the Frob.

Antonio Carrascosa, currently the director

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