In Paraguay, a bank collapsed where the savings of 60% of the country's population were kept. The central bank began the process of liquidating Oano Bank - three million people were left without savings. The accounts also held up to $850 million in government funds, including about $380 million in the SHBS pension and sick fund. Millions of people have lost access to their accounts, and security forces disperse protesters with water cannons and tear gas. The scandal has taken on political proportions: the opposition is demanding the impeachment of the president because of his ties to the bank's owners, and 8 senior managers have already been arrested for fraud.

In Paraguay, a bank collapsed where the savings of 60% of the country's population were kept. The central bank began the process of liquidating Oano Bank - three million people were left without savings. The accounts also held up to $850 million in government funds, including about $380 million in the SHBS pension and sick fund. Millions of people have lost access to their accounts, and security forces disperse protesters with water cannons and tear gas. The scandal has taken on political proportions: the opposition is demanding the impeachment of the president because of his ties to the bank's owners, and 8 senior managers have already been arrested for fraud.