Ueno Bank Closure and Deposit Freeze in Paraguay

Paraguay · Latin America + Caribbean region

Paraguay's Central Bank took over Ueno Bank and froze customer deposits due to a critical solvency problem affecting nearly three million people. Following the intervention, President Santiago Peña was removed from office and placed in pre-trial detention. Affected citizens still lack access to their money and have lost faith in national institutions.

Single-source report, not yet corroborated.