Paraguay's President Peña resigns after Ueno Bank collapse
Paraguay President Santiago Peña has resigned, according to the Associated Press, after the collapse of Ueno Bank. The bank's failure has now toppled the country's sitting president, a stunning turn for a nation whose banking sector had been seen as steady.
Paraguay President Santiago Peña is out. He resigned after the collapse of Ueno Bank, the Associated Press reported.
The bank's failure and the president's exit landed in the same breath, making Ueno Bank the trigger for a change at the very top of Paraguay's government.
The Associated Press did not immediately lay out the full chain of events — how the bank went under, what it means for depositors, or who takes over the presidency. Those details are still developing.
What's clear is the scale: a single institution's collapse has cost a sitting president his job, an outcome that reshapes Paraguay's political landscape overnight.
This is a breaking story. More details are expected as Paraguayan officials and the bank's situation come into focus.
TopicsSantiago Peña · Ueno Bank · Paraguay · Associated Press
Written by Paparazzi with AI. Not financial advice.
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