Paraguay seizes Ueno Bank over solvency concerns
Paraguayan authorities seized Ueno Bank and began winding down the fast-growing digital lender over solvency problems, the Financial Times reported. The bank had ties to President Santiago Peña, adding political sensitivity to the intervention. The RSS report did not state the scale of the shortfall or detail protections for depositors.
Why it matters
The intervention will test Paraguay’s bank-resolution system and scrutiny of financial institutions connected to senior political figures.
Sources
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Part of the November 4, 2026 brief.