Paraguay's bank collapse hits millions
Paraguay’s president was removed from office and detained after the country’s largest digital bank melted down, leaving half the populace without access to funds and plunging the country into a political crisis.
Key points
- 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.
Santiago Peña charged over alleged role in crisis as prosecutors request he be placed in preventive custody Pedro Volpe had just woken up last Tuesday when he saw a message from a friend asking whether his bank account was down too.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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