Sunday , November 8 2026

Tag Archives: bank run Latin America

Paraguay President Resigns as Major Digital Bank Collapses

In one of the most dramatic economic and political implosions in South America’s recent history, Paraguay’s President Santiago Peña tendered his resignation after the catastrophic insolvency and seizure of Ueno Bank, the country’s dominant digital banking titan. The sudden failure of the institution has locked nearly three million depositors—representing almost …

Read More »