Ueno Bank collapse triggers Paraguay president's resignation amid deposit freeze

The collapse of Ueno Bank, driven by an accounting black hole that wiped out public funds, has left thousands of depositors unable to access their savings and triggered the resignation of President Santiago Peña. The event marks Paraguay's worst institutional crisis in years, with the full extent of the bank's losses and the government's response still unclear. The crisis raises systemic risks to Paraguay's financial sector and could have broader regional implications for confidence in emerging-market banks.

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