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Paraguay

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News articles

• Paraguay's former president charged after bank collapse
  Source: BBC News - World

  Paraguay’s former president faced charges following a banking collapse that reportedly prevented many people from accessing their funds.

• Ueno Bank scandal plunges Paraguay into political crisis
  Source: Deutsche Welle - English

  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.

• Why is Paraguay facing a banking and political crisis?
  Source: Al Jazeera English - News

  Why is Paraguay facing a banking and political crisis? Ueno collapse raises questions about state influence and accountability.

• Paraguay’s president quits after millions of people’s savings frozen in bank crisis
  Source: The Guardian - World

  Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days. At the centre of the crisis is Ueno Bank, which in just a few years under Peña went from an obscure digital bank to one of the country’s largest lenders, claiming to have about 60% of Paraguay’s adult population as customers. Continue reading...

• Paraguay President Santiago Peña resigns after bank collapse
  Source: BBC News - World

  The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.

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