🌎 Latin America
1d ago
Paraguay takes over Ueno Bank, with 3 million customers, and freezes its deposits
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Paraguay’s Central Bank on Tuesday took over Ueno Bank, one of the country’s largest banks, after its solvency ratio fell below 50% of the legal minimum, and froze all its assets and liabilities, including the savings of some 3 million customers and more than US$800 million in public funds. The bank immediately suspended all its services.
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