Economy: In Paraguay, the collapse of Ueno Bank traps the savings of thousands of families

Paraguayan authorities have intervened at Ueno Bank, freezing customer access to funds and trapping the savings of thousands of families. The intervention marks the collapse of one of the country's prominent digital banks, though the article does not specify the size of the hole in its balance sheet or the number of affected depositors. Regulators are now preparing the first round of reimbursements to account holders. The case matters because it tests Paraguay's deposit-protection framework and could shape confidence in the country's fintech and digital-banking sector. What to watch next is the pace and scope of the payout process and whether the failure prompts tighter supervision of digital banks in the region.