# ‘Very strange, very sad’: Paraguay bank collapse fells a presidency and leaves millions broke

- Source: Guardian Business
- Published: 2026-11-07T11:00:10+00:00
- Category: Business
- Original: https://www.theguardian.com/world/2026/nov/07/paraguay-ueno-bank-collapse-santiago-pena
- Canonical: https://groundlevelnews.com/story/very-strange-very-sad-paraguay-bank-collapse-fells-a-presidency-and-le-b8f1fb/

Santiago Peña’s links to Ueno Bank scrutinized after crisis led to his house arrest and froze millions of bank accounts Pedro Volpe had just woken up last Tuesday when he saw a message from a friend asking whether his bank account was down, too. It was a day after payday, and Volpe, 50, a writer and lawyer, opened his banking app and panicked: he could not even see his balance. Continue reading...

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