Paraguay's central bank orders resolution of ueno bank over severe insufficiency

Paraguay's central bank (BCP) has ordered the resolution of ueno bank due to severe insufficiency, announcing a 'resolution procedure' after the bank's solvency fell below half the legal minimum. The bank claims about 3 million clients and manages between $800-850 million in public funds; the deposit guarantee covers up to $38,000 per depositor.

Detected & updated continuously · Source: Nebula