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Economy · Asunción, Paraguay ·

Paraguay appoints new central bank chief after Ueno Bank collapse

Reported by 4 outlets · first reported Nov 9, 1:20 AM ET

President Pedro Alliana named Jorge Schreiner central bank head and the Senate approved. Prosecutors searched a home of ousted president Peña.

Why it matters

Nearly three million people were locked out of accounts.

Background

Ueno Bank failed on Nov. 3.

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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