Paraguay bank collapses with half of population’s savings

Ueno Bank was shut down overnight by Paraguayan regulators amid a solvency crisis, leaving customers unable to access their funds. Roughly 60% of Paraguay's adult population banks with Ueno, making the collapse a systemic shock for the country's financial system. Protests have broken out across the country as depositors demand access to their savings. The closure matters because such a concentrated deposit base means millions of Paraguayans face sudden liquidity constraints. Next, watch how the government and central bank handle deposit guarantees and whether other institutions absorb Ueno's customers.