✉news BusinessBanking first seen 3 d ago, last 3 d ago, peak #20
Paraguay's central bank moves to resolve Ueno Bank
Original: Paraguay's central bank starts resolution proceedings for ueno bank
Paraguay's central bank has launched resolution proceedings against Ueno Bank, the country's first digital bank. The move puts the regulator in charge of managing the troubled lender's situation, raising questions about depositors' funds and the health of the fintech banking sector in Paraguay.
Why now: The failure of a digital bank is unusual and raises concerns about depositors and fintech regulation in Paraguay.
Central Bank of ParaguayUeno BankParaguay
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