{
  "id": 18426780,
  "title": "Paraguay: Banking scandal brings down Paraguayan president",
  "url": "https://urgent.news/2026/11/06/paraguay-bankenskandal-bringt-paraguays-prasidenten-zu-fall",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T03:00:35.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/international/paraguay-bankenskandal-bringt-paraguays-praesidenten-zu-fall/100267745.html"
  },
  "original_language": "de",
  "account": "Paraguayan President Santiago Peña has resigned amid a corruption scandal involving the digital bank Ueno, which had gained 2.9 million customers in a few years. The bank was taken over by the central bank and wound up after it emerged that it had lent $150 million to companies linked to its shareholders and employees, and had a capital adequacy ratio of less than half the required minimum. Peña, who had held office since 2023, was accused of involvement in the scandal, having previously held shares in a holding company linked to Ueno. His resignation follows a power struggle with Horacio Cartes, a former president and powerful figure in Paraguayan politics.",
  "summary": "An innovative digital bank was supposed to become a symbol of Paraguay's economic rise. But its collapse is costing President Santiago Peña his job.",
  "key_points": [
    "President Santiago Peña resigns amid bank scandal",
    "Digital bank Ueno gains 2.9 million customers, controlled by Peña",
    "Peña's downfall linked to capital shortage and corruption allegations"
  ],
  "editors_take": "The collapse of Ueno exposes the deep entanglement between political leadership and private finance, undermining Paraguay's efforts to attract foreign investment through a reputation for stability.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}