Spain’s Frob shakes up management ahead of bailouts

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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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