Paraguay’s Ueno Bank collapse leaves 3 million customers locked out of their money and puts the president at risk of impeachment

Three million Ueno Bank customers in Paraguay have lost access to their accounts after the Central Bank took control of the troubled lender. The bank also held about $850 million in public funds, including $380 million from the state pension and health fund. Eight senior executives, including the bank’s founder and president, are caught up in the criminal investigation. Central Bank chief Carlos Carvallo has resigned. He previously ran Ueno before becoming the country’s top banking regulator. Now 35 opposition lawmakers are pushing to impeach President Santiago Peña. Peña previously held shares in Ueno’s parent company, and lawmakers want answers about his ties to the bank and the placement of public pension money there. The Senate has approved a plan to let customers receive an emergency payment within 24 hours, but millions are still waiting to get their money back. The government says deposit insurance covers up to about $38,000 per customer.

BREAKING: 🇵🇾 What just happened in PARAGUAY is a WARNING for everyone on earth.
More than 3 million people (60% of Paraguay's adult population) have lost access to EVERYTHING. Their bank accounts. Their pensions. Frozen. Inaccessible.
Paraguay’s largest digital bank, Ueno… pic.twitter.com/Oz8K4w7zlO
— ADAM (@adamemedia) November 5, 2026

'THEY LEFT US WITHOUT MONEY!'
Chaos on streets of Paraguay after MILLIONS of people lose access to their savings and bank accounts https://t.co/K5Vl9C4zjr pic.twitter.com/g9wKzODSZD
— RT (@RT_com) November 5, 2026