Paraguayan president resigns amid bank collapse leaving 3M people without access to bank accounts

Santiago Peña resigned as Paraguay's president amid a banking crisis involving Ueno Bank, which faced intervention due to severe capital shortfalls. His resignation came just before an impeachment vote, with Vice President Pedro Alliana set to assume office. Ueno Bank's closure left millions without access to their funds, sparking protests across the nation. Investigations revealed significant financial mismanagement at Ueno, which had rapidly grown to dominate the banking sector. Peña, linked to Ueno, expressed regret but did not take full responsibility for the crisis, which has led to widespread public outrage and calls for accountability.