Paraguay expands digital bank probe
Paraguayan prosecutors widened an investigation into the collapse of digital lender ueno by raiding its brokerage arm. The government also installed Jorge Schreiner as the new central bank chief to contain the unfolding financial fallout.
Paraguay prosecutors widened a criminal probe into digital lender ueno on Monday, raiding its brokerage arm following the ousting of former President Santiago Peña. The political crisis triggered by the bank's collapse marks the country's deepest institutional turmoil in more than a decade. Authorities face intense pressure to restore confidence in the financial system and secure millions of frozen customer accounts.
