Paraguay seizes major digital bank tied to president, leaving millions in limbo
Paraguay’s central bank has seized a major digital bank with ties to President Santiago Peña ASUNCIÓN, Paraguay -- Paraguay’s central bank seized a major digital lender with close ties to President Santiago Peña early Tuesday, throwing the savings of millions of customers and hundreds of millions of dollars in public funds into limbo. The Central Bank of Paraguay said that its board voted unanimously Monday to put Ueno Bank into resolution after its solvency ratio — a measure of a bank’s capital against its risk-weighted assets — fell below half the legal minimum.
