Paraguay President Peña Quits as Digital Bank Collapse Locks Out Millions
Paraguay’s President Peña Resigns as Their Biggest Digital Bank Collapses, Leaving Millions Locked Out Paraguay is facing a major political and financial crisis after the collapse of Ueno Bank (the country’s largest digital bank) froze millions of customer accounts. Regulators stepped in earlier this week, after its solvency ratio fell below half the required minimum. … Read more