How a digital bank’s collapse toppled Paraguay’s president

🌐 The Japan Times (PY) —

AI Summary

A collapse involving Ueno Bank has become entangled with the political downfall of Paraguayan President Santiago Peña, who was reportedly a business partner of the bank-owning group until March 2025. The article examines how the bank’s failure contributed to Peña’s impeachment.

Until March 2025, impeached Paraguayan President Santiago Pena had been a business partner of the group that owns Ueno Bank.

Politics Markets Deals Paraguay Ueno Bank bank collapse Santiago Peña impeachment business ties

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