How a Bank Collapse Left Millions in Limbo and Toppled Paraguay's President
Authorities say nearly 1.2 million customers have received advance payments as the state deposit guarantee fund begins covering frozen accounts.
8 Articles
8 Articles
People injured by the bank under guardianship are gradually recovering their money. ...
The bankruptcy of the Ueno Bank – the country's most popular bank – overturned the President of Paraguay and affected his image in front of investors, writes Financial Times. The fall of the President of Paraguay has revealed cracks in the success story of the free market acclaimed by investors and the global conservative movement in recent years. Santiago Peña's presidency, ...
Millions of Paraguayans and the state cannot access the money they deposited in Ueno, a bank valued at nearly $500 million earlier this year.
Michael Grandt Banking crisis in Paraguay: Who wasted the money of the little people? Millions of bank customers without access to their money, hundreds of millions of dollars of public money in danger and a president in the center of serious accusations: The collapse of Ueno Bank has plunged Paraguay into an unprecedented financial and government crisis. [...]
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