Ueno Bank depositors took to the streets of the Paraguayan capital to demand the impeachment of President Santiago Pena

Mass rallies over the collapse of major lender Ueno Bank escalated into clashes on Wednesday in the Paraguayan capital of Asuncion, after depositors and other demonstrators took to the streets demanding the return of their frozen savings and the impeachment of the country’s president, Santiago Pena.

Paraguay’s central bank placed Ueno Bank under external administration earlier this week after its capital ratio dropped below half of the legally required minimum. The regulator said the move was intended to protect depositors and preserve financial stability.

The bank has nearly 3 million customers in a country with a population of around 7 million, leaving a significant share of the population unable to access their accounts.…