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البلاد
Paraguay Bank Crisis
The collapse of Ueno, Paraguay’s largest digital bank, left around 3 million customers unable to access their accounts after its capital adequacy fell to less than half the legal minimum, prompting its placement under the banking resolution regime. Preliminary investigations attributed the crisis to weak governance and oversight, as well as lending to companies linked to the bank’s owners. Arrest warrants were issued for eight officials. President Santiago Peña also resigned and called for the central bank chief to step down, citing the chief’s previous ties to the group that owns the bank. Deposit insurance covers around 97% of customers, up to approximately $38,000 per depositor, while the fate of larger deposits remains unclear.
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