Paraguay bank collapse triggers president's arrest, probes into linked loans

The collapse of Ueno Bank, holding ~$850M in public deposits and serving ~3M clients, led to the removal and preventive imprisonment of President Santiago Peña. Investigations focus on loans to linked companies, supervisory failures, and conflicts of interest, with the bank's Mar-a-Lago gala sponsorship raising questions about ties to international right-wing circles. This marks a major political and financial crisis in Paraguay, with implications for regional financial stability and governance.

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