Paraguay President Santiago Peña Resigns Following Ueno Bank Collapse Impacting 2.9 Million
Key Highlights Paraguay’s central bank placed digital lender Ueno Bank into resolution after its solvency ratio fell below half of the mandatory legal threshold. Ueno held roughly $800 million in public-sector deposits—including pension and healthcare funds—serving 2.9 million customers representing over 60% of Paraguay’s adult population. The collapse sparked intense public demonstrations, factored into President ...