Paraguay's Ueno Bank Collapse Triggers President's Impeachment and Pension Freeze

Paraguay's regulator seized Ueno Bank after related-party loans breached the solvency floor, freezing 3 million customers' deposits and pension funds. The seizure forced President Santiago Peña's impeachment, while the central bank uses a deposit guarantee to begin payouts.

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Paraguayan bank regulators inspecting documents at a seized digital lender