World
Ueno Bank, the bank that expanded during Peña's presidency in Paraguay and collapsed in one day
The scandal put Paraguay's political and financial system against the ropes.
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World
Ueno Bank's payments to savers start in Paraguay under certain requirements
The Central Bank of Paraguay initiated the return of deposits to Ueno Bank customers, which was involved in solvency problems. At this first stage, payments are aimed at small savers who meet the requirements established by the authorities. The measure comes in the midst of criticism, protests and uncertainty about the recovery of funds from other depositors affected by the crisis.
World
Ueno Bank Crisis: the keys to Peña's resignation in Paraguay
Peña presented her resignation from the Ueno Bank crisis, but Deputies approved the indictment and referred it to the Senate. About three million customers still have no access to their money.
Politics
Ueno Bank scandal plunges Paraguay into political crisis
Suspected financial fraud, public money at risk and millions of customers affected: Paraguay is in serious crisis following the sudden collapse of Ueno Bank. President Santiago Pena is facing impeachment.
World
Why is Paraguay facing a banking and political crisis?
Ueno collapse raises questions about state influence and accountability.
World
The fall of Ueno Bank is shaking the Paraguayan financial system: where did the money go?
Ueno Bank's intervention in Paraguay raises questions about the fate of the deposits of millions of users and the return of their savings. The Deposit Guarantee Fund provides resources to respond to those affected, but there are legal limits of up to $37,000 per person. This uncertainty is compounded by about $850 million in public funds that were deposited with the entity, of which some $380 million would be from the Social Security Institute (IPS). The recovery of resources will also depend on possible embargoes and the sale of
Politics
How Paraguay’s Ueno collapse is only its latest banking crisis
President Santiago Pena is under fire over links to parent company of collapsed bank.
Politics
Santiago Peña, from one of Paraguay's youngest presidents to the Ueno Bank dispute
Economist Santiago Peña came to the presidency of Paraguay in 2024 as one of the youngest leaders in the country's history, carrying points for his proximity to the business world, especially the bank Ueno, which is currently in insolvency and pushed Peña to resign from office.
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Politics
Crisis in Paraguay: the closure of Ueno Bank that triggered President Peña's resignation
The Ueno Bank scandal costs Paraguay's President, Santiago Peña. The president presented his resignation in the midst of the crisis unleashed by the intervention and closure of the digital bank, which affects almost three million customers, who fear that they will not be able to recover their money.
Politics
Paraguay: President Pena resigns amid bank crisis
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Politics
Esteban Caballero: "90% of those affected by Ueno Bank in Paraguay are small savers"
On 3 November, the Central Bank of Paraguay decided to intervene Ueno Bank for insufficient capital, and its services were suspended. After the scandal, President Santiago Peña presented his resignation for alleged links with the entity. Almost half of the 6.4 million Paraguayans have an account in Ueno. What is the future of customer money? We analyzed it with Esteban Caballero, a polytologist and a researcher.
Politics
Ueno Bank and Peña's resignation: at risk for investors' confidence in Paraguay?
In recent years, Paraguay has gained importance as an investment destination for its stability; however, the resignation of President Santiago Peña completely changes the picture. We spoke to Gabriel Giménez Roche, political analyst and professor of economics at NEOMA Business School, about what is happening in terms of the country's reliability and international qualifications.
Politics
Paraguay's President Santiago Pena resigns amid a bank crisis that froze millions of customers' accounts and sparked protests
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Politics
What is Ueno Bank and what caused the crisis in which Santiago Peña resigned as President of Paraguay
The intervention of Ueno Bank, one of Paraguay's largest financial institutions, has shaken the country's banking system and its political leadership. The President of the country is facing a political trial that could be approved on Thursday.