Paraguay’s president impeached after digital bank ueno collapse

Paraguay's President Santiago Peña was impeached and arrested after the collapse of digital bank ueno froze the savings of nearly 3 million customers, triggering the country's deepest political crisis in over a decade. Peña, a close ally of US President Donald Trump, was charged Saturday with breach of trust and administration for personal gain, and held in pretrial detention. His vice president, Pedro Alliana, was sworn in as replacement, while former central bank chief Carlos Carvallo also faces charges. The central bank placed ueno into resolution Tuesday after determining it breached minimum solvency requirements. Ueno, launched in 2021, had attracted roughly half of Paraguay's population as customers, with public institutions holding about $850 million in accounts. Authorities have paid out $160 million to nearly 1.2 million savers under the deposit guarantee scheme, but analysts warn the scandal may damage Paraguay's reputation as a stable investment destination.