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Economy · Asunción, Paraguay ·

Paraguay takes over Ueno Bank, freezes deposits

Reported by 3 outlets · first reported Nov 4, 3:27 AM ET

The central bank intervened after solvency fell below half the legal minimum. Lawmakers filed impeachment charges against President Peña.

Why it matters

Millions of customers lack access to savings.

Background

Ueno Bank had about 3 million customers.

The story so far

  1. Paraguay takes over Ueno Bank, freezes deposits
  2. Paraguay's president resigns and is impeached after bank collapse
  3. Paraguay's Senate removes President Peña, who is placed under house arrest
  4. Paraguay's Senate removes President Peña after Ueno Bank collapse
  5. Paraguay's ousted president charged over bank collapse
  6. Paraguay appoints new central bank chief after Ueno Bank collapse
  7. Paraguay names new central bank chief after Ueno collapse
  8. Paraguay repays Ueno Bank savers; Peña faces probe
  9. Paraguay partly refunds Ueno Bank depositors after collapse

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Sources

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