The Bank Blowup Shaking Paraguay and Investor Confidence
The bank’s failure left nearly three million customers without access to funds and lifted demand for dollar-pegged tokens as trust in local banks weakened.
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9 Articles
Fitch takes a positive perspective and puts Paraguay's rating in negative observation after Ueno Bank breaks; understand the risks
The qualifier keeps the country's sovereign note in BB+, but warns that the collapse of the sixth largest Paraguayan bank and the resulting political crisis could affect the financial system, public accounts and economic growth.
Fitch explained that the "negative surveillance" reflects the possible contagion of Ueno's bankruptcy and the political consequences it brought, both in the banking system and in public finances.
Forbes, the world's most renowned business and economic magazine. Ueno Bank Colapso leaves 3 million customers without access to accounts; in case it exposes vulnerabilities of the sector The post Digital Bank Colapso in Paraguay Leaves Traders in Search of Alternatives apareceu primeiro em Forbes Brasil.
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