Ueno Bank

Money Moves

In resolution; its brokerage arm was raided by prosecutors on November 9

Paraguay's Congress confirmed economist Jorge Schreiner as central bank chief on November 9, three days after the Senate removed President Santiago Peña over the Ueno Bank collapse. New President Pedro Alliana also asked every minister and senior official to resign so he could reorganize the government.

Updated 2 days ago

Rule Changes

Under central bank intervention; 1.196 million depositors had received about $160 million by November 7; Itaipú says more than $163 million of its funds were deposited there

Paraguay's Senate removed President Santiago Peña on November 6, 2026, over the collapse of Ueno Bank, and Vice President Pedro Alliana was sworn in the same day. Prosecutors charged Peña the next day with breach of trust and administration for personal gain, and a judge ordered him held at the Regimiento Escolta Presidencial, the presidential guard regiment.

Updated 3 days ago