

Paraguay's Ueno Bank Crisis Explained: What Happened to Millions of Customers' Money | APT
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Join this channel to get access to perks: https://www.youtube.com/channel/UCpLEtz3H0jSfEneSdf1YKnw/join Hundreds of angry Ueno Bank customers, savers and retirees have gathered outside Paraguay's National Congress in Asunción, demanding the return of their frozen savings following the Central Bank's intervention in the financial institution. The crisis has disrupted access to accounts, cards and digital banking services for millions of customers after Ueno Bank's solvency ratio reportedly fell below the regulatory threshold. Protesters say they are struggling to afford basic necessities, with some claiming families have been left without money for food. The demonstrations come as authorities order the arrest of eight bank executives over alleged fraud and breach of trust. President Santiago Peña has announced changes at the Central Bank and backed legislation aimed at accelerating the return of deposits, potentially covering 98 per cent of savers. #paraguay #uenobank #bankingcrisis #protests #southamerica #asuncion #financialcrisis #latinamerica
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