Ueno Bank Collapse in Paraguay: $850M Public Funds Frozen, President Peña Resigns

The intervention of digital bank Ueno, holding ~$850M in public funds, triggered a financial and political crisis, leading to President Santiago Peña's departure. The Prosecutor's Office is investigating irregular loans to related companies and supervisory failures. The collapse freezes savings of nearly three million Paraguayans, raising systemic risk and political instability.

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