Paraguay returns money to 1.2 million Ueno Bank customers
Graduated in journalism from Universidade Veiga de Almeida and with a postgraduate degree in financial and capital markets from Pontifícia Universidade Católica de Minas Gerais. Worked at TradeNews before becoming a reporter for Revista Oeste.
TL;DR
- 1.2 million Ueno Bank customers have had their frozen funds returned.
- Ueno Bank was closed by the Central Bank due to deteriorating solvency.
- The bank's collapse has caused Paraguay's biggest political crisis in years.
- The Senate impeached President Santiago Peña, who is now under house arrest.
- The returned money is from the Deposit Guarantee Fund.
- Pensioners who received payments via Ueno Bank will be paid on November 17th.
- The government is working to return funds to customers with amounts exceeding the guaranteed limit.