One Turn Open the globe →

Economy · Asunción, Paraguay ·

Paraguay partly refunds Ueno Bank depositors after collapse

Paraguay's central bank returned part of savings to eligible Ueno Bank depositors after the lender's collapse last week. Prosecutors opened a vault at former President Peña's house and found it empty. Peña faces possible prison time, and 27 others are involved.

Why it matters

Savers lost access to deposits.

Background

Ueno Bank collapsed last week.

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

Follow the whole story →

Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Nov 12's stories

More on economy