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Business · Europe

Paraguayans get some savings back after banking collapse disrupted economy

Paraguay's Central Bank said Wednesday, November 11, it had partially returned savings to all eligible Ueno Bank depositors locked out of their accounts when it collapsed last week. The digital bank's takeover on November 3 triggered massive protests across Paraguay and led to the impeachment and arrest of ex-president Santiago Pena, who is linked to Ueno.

France 24 ·

Press Release

Peak Credit Union Appoints Stacy Koos as Vice President of Business Services

Veteran commercial banking leader brings deep Oregon business ties to support business members across the Pacific Northwest EUGENE, Ore and LACEY, Wash., Nov. 10, 2026 /PRNewswire/ -- Peak Credit Union has appointed Stacy Koos as Vice President of Business Services, further strengthening...

PR Newswire ·

Crypto

Will stablecoins survive once the banks catch up?

As crypto firms and banks converge, it is fair to ask what lasting advantage stablecoins have, argues Alessandro Hatami, founder of Pacemakers and former COO of Digital Banking at Lloyds Banking Group.

CoinDesk ·

Business · Europe

Paraguayan protesters are back on the streets despite the removal of President

A banking crisis that saw the president of Paraguay impeached Friday, November 6, continues to rock the country with protesters back on the streets. The Ueno Bank started as a digital first bank, attracting many low income customers, quickly growing to become a major bank in charge of state pensions and holding the accounts of several government institutions before having its accounts frozen by the central bank…

France 24 ·

Climate

National Trust votes to seek banking partner more in tune with its environmental policies

Charity’s AGM decides overwhelmingly to begin tendering process amid criticism of Barclays’ fossil fuel investments The National Trust has voted overwhelmingly to seek a new banking partner in a significant victory for members who have long argued that its relationship with Barclays was at odds with its commitment to protecting the natural world. The resolution, passed at the charity’s annual general meeting on…

The Guardian ·

Business · Europe

Banking scandal topples Paraguay leader

Paraguay’s ousted president Santiago Peña has been placed under house arrest after senators unanimously voted to remove him over a banking scandal. The collapse of Ueno Bank left nearly three million customers unable to access their savings. Peña denies any wrongdoing, while his successor, Pedro Alliana, has pledged to compensate those affected.

France 24 ·

Business · Europe

Ousted Paraguay president under house arrest after bank collapse

Paraguayan authorities placed ousted president Santiago Peña under house arrest on Friday, shortly after the Senate unanimously removed him from office over a massive banking crisis that locked nearly half of Paraguayans out of their savings. Peña offered his resignation over the scandal, but lawmakers pressed ahead with impeachment proceedings that stripped him of political immunity.

France 24 ·

Business · United States

Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts

Santiago Peña was detained minutes after he was impeached by Congress, as protesters took to the streets demanding answers after the suspension of the Ueno bank Paraguay’s rightwing president has been placed under house arrest minutes after he was impeached by Congress, amid a severe crisis that left more than half the country’s population unable to access their bank accounts. Santiago Peña is being investigated…

The Guardian ·

Press Release

La société Flutterwave désignée « Meilleur fournisseur d'infrastructure de paiement d'Afrique » lors des Euromoney Transaction Banking Awards 2026 (Prix Euromoney 2026 des banques transactionnelles)

SAN FRANCISCO et LAGOS, Nigeria, 6 novembre 2026 /PRNewswire/ -- Flutterwave, la principale société africaine de technologie de paiement, a été nommée « Meilleur fournisseur d'infrastructure de paiement d'Afrique » lors des Euromoney Transaction Banking Awards 2026. Cette reconnaissance...

PR Newswire ·

Business · United States

Paraguay's Peña offers resignation amid banking scandal, protests

Paraguayan President Santiago Peña submitted his resignation on Thursday, but Congress put it on hold as impeachment proceedings against him move forward. Peña is facing impeachment over a banking scandal that has affected millions of people and sparked protests, with thousands taking to the streets in recent days.

France 24 ·

Business · United States

Paraguay’s president quits after millions of people’s savings frozen in bank crisis

Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days. At the centre of the crisis is Ueno Bank, which in just a few years under Peña went from an obscure digital bank to one of…

The Guardian ·

Business · Europe

Paraguay's president Peña impeached moments after resigning over banking scandal

Paraguay’s lower house voted unanimously to impeach President Santiago Peña on Thursday, just minutes after he announced his resignation on X. Protesters have rallied in the streets since the takeover of a bank linked to Peña blocked millions of people, including pensioners, from accessing their money.

France 24 ·

Press Release

Ally Financial Recognized Among the Best Banks and Workplaces

Ally recognized by Money, Fortune, PEOPLE, Forbes, American Banker and Newsweek for customer value, workplace culture, leadership and trust DETROIT, Nov. 2, 2026 /PRNewswire/ -- Ally Financial (NYSE: ALLY) today announced it has earned national recognition across banking, workplace...

PR Newswire ·

Press Release

RD Technologies Upgrades Its Cross-Border Payments and Digital Finance Ecosystem

Expanding the Network of Banking and Payment Partners, with an Initial Focus on Trade Between Africa and Asia HONG KONG, Nov. 1, 2026 /PRNewswire/ -- RD Technologies today announced an upgrade to its enterprise cross-border payments and digital finance ecosystem. Focusing on trade between...

PR Newswire ·

Technology · Asia-Pacific

DPR Korea: Isolation deepens even as the country changes, says UN rights official

The Democratic People’s Republic of Korea (DPRK) is building factories and hospitals, rolling out smartphones and mobile banking, and passing new laws at an unprecedented rate. But its people are more cut off from the outside world than at any point in the country’s history.

United Nations ·

Press Release

City National Bank Expands in Los Angeles with New Inglewood Branch

New full-service location expands access to personalized banking for Inglewood's growing community of small businesses and homeowners LOS ANGELES, Oct. 29, 2026 /PRNewswire/ -- City National Bank has opened a new branch in Inglewood, building its presence in the Los Angeles community and...

PR Newswire ·

Press Release

Winners of Qorus-Infosys Finacle Banking Innovation Awards 2026 Announced

The 13th edition of awards recognized 37 financial institutions across ten categories for next-gen banking innovations BENGALURU, India and PARIS, Oct. 29, 2026 /PRNewswire/ -- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE:...

PR Newswire ·

Press Release

CALIFORNIA BANK & TRUST NAMES MICHAEL MACDONALD AS PRESIDENT

MacDonald to oversee Commercial, Corporate and Specialty Industry banking divisions while continuing leadership of Zions Capital Markets SAN DIEGO, Oct. 26, 2026 /PRNewswire/ -- California Bank & Trust (CB&T), a division of Zions Bancorporation, N.A., and a leading financial institution...

PR Newswire ·