Millions of customers without access to accounts. The President of Paraguay resigns
Ueno Bank in Paraguay faces severe financial issues, leading to its intervention by the central bank and a liquidity crisis affecting nearly 3 million clients. Protests erupted as customers lost access to banking services, raising concerns over their savings. The bank managed significant public funds, including social security money. The crisis has impacted retail sales, with a reported 35% drop due to limited cash access. Eight senior managers were detained amid investigations into the bank's collapse. President Peña faces political pressure due to past ties with the bank's controlling group, accused of conflicts of interest. Analysts warn the situation could harm Paraguay's reputation for foreign investment.
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