Paraguay president steps down after digital bank Ueno collapses with 3 million customers inside
Summary
The warning signs went back months. ABC Color, a leading Paraguayan newspaper, reported in June that central bank inspectors found a pattern of risky insider lending. Ueno had lent large sums to owner-linked companies beyond legal limits and without enough collateral to cover the debts if they went bad.
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Paraguay president steps down after digital bank Ueno collapses with 3 million customers inside
The warning signs went back months. ABC Color, a leading Paraguayan newspaper, reported in June that central bank inspectors found a pattern of risky insider lending. Ueno had lent large sums to owner-linked companies beyond legal limits and without enough collateral to cover...
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