Ueno Bank liquidation triggers Paraguay political turmoil and impeachment move against Peña

Ueno Bank's sudden collapse has left millions of customers without access to their funds, triggering a political crisis in Paraguay. The bank was placed under intervention due to a solvency ratio drop below 50%, leading to protests from desperate clients. The government faces impeachment proceedings against President Santiago Peña, accused of negligence. Judicial actions have resulted in the arrest of several bank executives, while the economic impact is felt nationwide with a significant drop in retail sales. The bank's rapid growth and sponsorships masked serious financial issues, culminating in this crisis.