Central Bank Suspends Bailouts of Funds Linked to Ueno Bank; Scale of Banking Crisis in Paraguay
4 Articles
4 Articles
SANTIAGO (AP) — The Central Bank of Paraguay temporarily suspended on Wednesday the withdrawal of money from certain mutual funds linked to Ueno Bank in a new chapter of the banking crisis that has put the government against the strings...
The Central Bank of Paraguay temporarily suspended the withdrawals of money from certain investment funds linked to Ueno Bank....
The Superintendency of Securities established the technical criteria for updating the valuation of the assets linked to Ueno Bank, which allows the administrators to adjust their portfolios and re-enable the withdrawals of money. Standardisation will begin on Thursday, November 5, and will be carried out progressively, as each fund completes the procedure. The entry Mutual funds with investments linked to ueno will be able to resume ransoms from…
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