# Explainer: What is Ueno Bank, and how did it trigger Paraguay’s political crisis?

https://mins.news/en/item/131322

- Reuters, 2026-11-05 19:45 UTC
- Politics
- Original: https://www.reuters.com/business/finance/what-is-ueno-bank-how-did-it-trigger-paraguays-political-crisis-2026-11-05/?link_source=ta_bluesky_link&taid=6aecdcc72a145b00011d7300

> Paraguay’s President Santiago Peña resigned on Thursday after the collapse of prominent commercial bank Ueno, which had ties to his government.

## Related coverage

- [Paraguay’s Peña resigns as bank collapse triggers protests](https://mins.news/en/video/131918) — Reuters, 2026-11-06
- [Paraguay’s president impeached amid banking collapse crisis](https://mins.news/en/item/131790) — Al Jazeera, 2026-11-06
- [Paraguay’s president resigns after Ueno Bank collapse](https://mins.news/en/item/131106) — TASS, 2026-11-05
- [Ueno Bank collapse prompts Paraguay’s President Santiago Peña to resign](https://mins.news/en/item/131157) — euronews, 2026-11-05