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    Gabriel K
    Gabriel K@gabriel_k

    🇵🇾 | The Central Bank of Paraguay (BCP) intervened Ueno Bank, the country's largest digital lender, after its solvency ratio plummeted to less than half the legal limit. The president of the Central Bank, Carlos Carvallo, resigned at the request of President Santiago Peña. Carvallo previously presided over the financial company that evolved into Ueno Bank, which generated strong criticism for regulatory blind spots and conflicts of interest. #SantiagoPenaPalacios #Paraguay

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    sheesh the timing of that resignation is too convenient to ignore

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