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The Modernizer Trying to Rebuild the Bank of Spain’s Reputation

  • Hernandez de Cos wants wholesale changes at the institution
  • Central bank is blamed in Spain for pre-crisis failures
Pablo Hernandez de Cos
Pablo Hernandez de CosPhotographer: David Paul Morris/Bloomberg

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The scaffolding that obscured the Bank of Spain for a major renovation was removed recently, revealing a newly-clean edifice. The bank’s chief is working to ensure those changes go more than skin deep.