Spain to Limit Pay for Chiefs at FROB-Aided Banks, Mundo Says

The Spanish Economy Ministry will ask the Bank of Spain to impose a limit on salaries for executives in those lenders that received funds from the country’s bank rescue fund or FROB, El Mundo reported, without citing anyone.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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