Bank of Spain’s Ordonez Faces Calls to Step Down, Mundo Says

Bank of Spain Governor Miguel Angel Fernandez Ordonez is facing calls from bankers and members of the country’s central bank to step down, El Mundo reported, citing unidentified people from the country’s ruling People’s Party.

Pressure is mounting for a new round of consolidation in the Spanish banking industry to be carried out under the supervision of a new governor, the newspaper cited the people as saying.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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