How one bank’s collapse is upending Paraguay, trapping savings and threatening its president

As reported by WTOP · Updated 5 Nov, 15:56 · Archive

ASUNCIÓN, Paraguay (AP) — Hours after Paraguay’s central bank seized Ueno Bank, a major digital lender that went from an obscure finance company to a household name in less than five years, President Santiago Peña was facing impeachment, protesters were clashing with riot police and the bank’s executives had been detained. The swift collapse of...

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• How one bank’s collapse is upending Paraguay, trapping savings and threatening its presidentASUNCIÓN, Paraguay (AP) — Hours after Paraguay’s central bank seized Ueno Bank, a major digital lender that went from an obscure finance company to a household name in less than five years, President Santiago Peña was facing impeachment, protesters were clashing with riot police and the bank’s executives had been detained. The swift collapse of...WTOP · 5 Nov, 15:56