Politics
Paraguay's former President Santiago Peña is under house arrest after being dismissed by Congress for the Ueno Bank scandal
Peña was removed from office and now faces possible criminal responsibilities for her role in the Ueno Bank scandal.
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Ueno Bank
World
Who is Miguel Vázquez, the millennial banker and athlete in the center of the Paraguay crisis
Vásquez is the majority shareholder of the Vásquez Group, owned by Ueno Bank in Paraguay
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.
Politics
Where's the Colorado Party going? The Paraguayan disorder following the points to Santiago Peña
In our section 'In Context' we analyze the centenary validity of the Colorado Party of Paraguay and how even with the questions to President Santiago Peña about the case of Ueno Bank political force is not at the focus of the storm. Meanwhile, we review why Congress decided not to take the resignation of the red president, how the political trial process follows and what is expected for the succession of 2028.
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
Total crisis in Paraguay: how did Santiago Peña help Ueno Bank grow?
How did Ueno Bank grow in Paraguay and what role did President Santiago Peña's business links play with the group behind the entity? The financial scandal that shook the country raised questions about the relationship between political power, public resources and the banking system. We analyzed it in The France Debate 24.
Politics
What is Santiago Peña, the President of Paraguay facing a political trial following the Ueno Bank crisis
The opposition accuses Santiago Peña of conflict of interest for his links with the Ueno Bank's own group and questions possible economic benefits.
Politics
Peña calls for 72-hour extension to prepare for his defence in the political trial in Paraguay
Santiago Peña, the resignation president of Paraguay, asked for an extension to Congress to respond to the allegations related to the serious financial crisis and the collapse of Ueno Bank, a banking entity related to its environment and of which it was a shareholder. Peña argued that it was notified only the day before and that the deadline does not guarantee due process. Congress assesses the order in the midst of a climate of tension. Report from our correspondent, Flavia Borja.
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World
"I lost the savings of my whole life. All must go to prison": the plight of thousands of savers in Paraguay for the closure of the Ueno Bank
Thousands of people in Paraguay don't know what's going to happen to the money they had in the Ueno Bank that was closed this week.
Politics
The Congress of Paraguay is discussing the future of President Santiago Peña following the Ueno Bank crisis. Follow the latest news
President Santiago Peña, whose resignation was not accepted or rejected, is expected to present himself with his defense in Congress to offer his testimony. However, Peña requested an extension of 72 hours to prepare his case.
Politics
Santiago Peña does not appear before the Senate and his lawyers take up his defence in the political trial for the Ueno Bank crisis
Lawyers Adolfo Ferreiro and Ricardo Preda appeared this Friday before the Senate of Paraguay to exercise the technical and legal defence of Santiago Peña, who did not show up personally despite being summoned. The hearing began after the High House rejected the request for a 72-hour extension requested by the president, in the midst of the political crisis unleashed by the intervention and closure of Ueno Bank, an entity linked to the president and which managed funds from more than 2.9 million customers.
World
Who is Santiago Peña, the economist whom the powerful Horacio Cartes overtook the presidency of Paraguay (and who now dropped)
Three years after assuming power, Santiago Peña ended up being dragged away by the crisis following the intervention of the Ueno Bank.
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
Report from Asunción: Paraguayans mobilize after announcement of resignation of President Peña
The Paraguayans are moving in the streets to the Plaza de Armas de Asunción following the announcement of the resignation of President Santiago Peña for his connection with the bank Ueno Bank, a platform that announced its dissolution for financial insolvency. The protesters demand a political trial against the president and ask their fellow citizens to go to the streets to demand answers. Inform our correspondent Flavia Borja.
Politics
Paraguayans mobilize in Asunción after resignation of President Santiago Peña
Dozens of Paraguayans move in Asunción to the cry of "political judgment" and "not a step back," after President Santiago Peña announced his resignation in the midst of the crisis unleashed by the intervention and closure of Ueno Bank, which affects millions of customers.
Politics
"What happened in Paraguay?," which preceded President Santiago Peña's resignation: 'La Nación'
On November 5, Paraguayan President Santiago Peña announced his resignation in the midst of a political crisis triggered by the intervention and closure of the digital bank Ueno Bank. The audit revealed that the entity's solvency fell below the minimum required and that Peña had shares in Ueno Holding, the group to which the bank belonged, which put the president in the eye of the hurricane.'La Nación 'examines the keys to this case, which unleashed one of the strongest political and banking crises in Paraguay's recent history.
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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
This we know of the Ueno Bank scandal, the crisis that struck Paraguayan President Santiago Peña
The dissolution by financial insolvency of Ueno Bank, one of Paraguay's leading digital banks and close links with President Santiago Peña, has triggered a financial crisis and a political earthquake in the country. While almost 3 million customers have been frozen access to their savings and when Congress was preparing to start a political trial against him, the conservative president presented his resignation.
Politics
Crisis in Paraguay: Congress takes a political trial against Santiago Peña and puts his resignation as president on hold
The President of Paraguay resigned in the midst of the crisis unleashed by Ueno Bank's intervention. The Congress will begin a political trial on Thursday against Peña after having no quorum to decide whether or not to accept his resignation.
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.