Paraguayan President Santiago Pena resigned after the collapse of digital lender ueno left roughly 3 million customers unable to access their accounts, following an opposition bid to start impeachment proceedings and protests demanding he step down. Vice President Pedro Alliana is set to take office as his replacement.
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Paraguayan President Santiago Pena has resigned... "I do so with the stability of our country, social peace, and the need to preserve our democratic institutions in mind,” he said in a video-recorded address on Thursday.
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I do so with the stability of our country, social peace, and the need to preserve our democratic institutions in mind,
My greatest wish is that the return of those funds be guaranteed, that the deposit guarantee fund fulfil its purpose, and that public funds - as well as the resources that belong to all Paraguayans - be protected
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which had grown quickly from a niche fintech player into a mid-tier bank administering close to $850 million in public funds.
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a crisis that has left the company's roughly 3 million customers, in a country of 6.5 million people, unable to access accounts.
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the company's roughly 3 million customers, in a country of 6.5 million people, unable to access accounts.
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Paraguay's central bank intervened in ueno after determining that it had breached minimum solvency requirements
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