Thursday, November 5, 2026

Paraguay seizes major digital bank tied to president, leaving millions in limbo

AP News is reporting that "Paraguay’s central bank seized a major digital lender with close ties to President Santiago Peña on Tuesday, fueling a political crisis and threatening the country’s burgeoning reputation as a regional haven for investors. The takeover left millions of customers’ savings and hundreds of millions of dollars in public funds in limbo."

Paraguay President Santiago Peña resigns following bank collapse

Posted by at

No comments:

Post a Comment

Comments are moderated so there will be a delay before they appear on the blog.

Subscribe to: Post Comments (Atom)