Paraguay's Ueno Bank collapses, seizing half of national savings; protests erupt

Paraguay's Ueno Bank was shut down overnight by regulators over a solvency crisis, freezing deposits that account for roughly half of the country's household savings. The sudden closure has triggered nationwide protests, and the scale of the loss—if not fully guaranteed—poses a systemic shock to Paraguay's financial system and broader economy. Uncertainty centers on the extent of deposit insurance coverage and the government's capacity to backstop losses.

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