Uruguay calls bank shutdown amid economic crisis

URUGUAY - Uruguay ordered its banks closed Tuesday in an attempt to stem the outward flow of capital in the midst of a growing financial crisis.

The stock market also closed early after the government earlier in the day suspended banking by Banco Montevideo and Caja Obrera for "the nonfulfillment of regulations."

The amount of capital in many banks has fallen dramatically in recent weeks, as hundreds of millions of dollars have been taken out of the financial system.

Late Tuesday, Economy Mi