6 Common Points in Banking Crises in Brazil and Paraguay
4 Articles
4 Articles
Rapid growth, relevant exposure of public resources and close relations with the political world are among the similarities of the two cases. But analysts point to relevant differences
A serious banking crisis, which threatens the economies of millions of Paraguayans, went beyond the limits of the financial system and reached the center of the political power of the country. The episode originated in the collapse of Ueno Bank, an institution that presented accelerated growth and came to bring together customers equivalent to almost 60% of the adult population of Paraguay. The case resembles the scandal of the Master Bank, in B…
In Paraguay, Ueno's banking scandal brought down the president. In Brazil, a year after the Master's crisis, almost everything follows as it was.
The national president of Novo, Eduardo Ribeiro, compared on Thursday, 5, the financial scandals in Paraguay, the Ueno Bank, and in Brazil, of the Master Bank. Financial scandal in Paraguay: everyone arrested, money being returned, president resigned. Financial scandal in Brazil: everyone released, minister of the STF continues in office, pension funds at the expense,...
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