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PoliticsParaguay’s president resigns after bank crisis freezes millions’ savings

Santiago Peña resigned as president amid political pressure after Ueno Bank’s insolvency led the central bank to freeze deposits belonging to 3 million customers. Opposition lawmakers and members of Peña’s own Colorado party had sought to impeach him over the collapse.

ParaguayUeno BankSantiago Peñabank crisis

TThe Guardian★★★★☆2026-11-05 18:48Original

Paraguay’s president resigns after bank crisis freezes millions’ savings
Paraguay’s president resigns after bank crisis freezes millions’ savingsPolitics