On November 3, 2026, Paraguay’s central bank took control of ueno bank and froze $2.8 billion in customer deposits. Two days later, President Santiago Peña announced his resignation. Around 3 million customers were left unable to access their money after ueno bank collapsed, having become the country’s fifth-largest private bank in just four years. The video explains customers’ chances of recovering their deposits, the reasons behind the bank’s collapse, and the effects of the crisis on the presidency. It also compares Paraguay’s deposit protection system with the one in France.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
