Paraguay President Peña resigns under mounting pressure from bank collapse
The collapse froze about 3 million customer accounts and triggered protests, arrests of bank executives and a unanimous lower-house impeachment vote.
- President Santiago Peña resigned on Thursday amid impeachment proceedings after Ueno Bank collapsed, freezing deposits for nearly 3 million customers. Lawmakers voted 78-0 to impeach him, marking a stunning rupture within his Colorado Party.
- The central bank seized Ueno on Tuesday after regulators discovered its solvency ratio fell below 50% due to risky loans to companies tied to the bank's owners. The lender held nearly $850 million in public funds.
- Protesters in Asunción flooded streets for three days demanding accountability and calling Peña 'the enemy of savers.' Riot police used pepper spray to disperse crowds as the crisis locked out about 280,000 customers who banked only with Ueno.
- Congress rejected the resignation on Thursday, opting to continue impeachment proceedings to ensure Peña faces accountability. Vice President Pedro Alliana remains next in the constitutional line of succession while prosecutors pursue criminal charges against 27 bank officials.
- The crisis exposes deep-seated corruption concerns within the Colorado Party and poses systemic economic risks for Paraguay as political instability threatens institutional stability. Observers note the collapse could alter the regional balance of power in South America.
782 Articles
782 Articles
How did Paraguay bank ‘Ueno' collapse? Explained
Paraguay's political and financial crisis deepened this week after Ueno Bank, a once-celebrated digital lender, collapsed, freezing millions of accounts and triggering impeachment proceedings against President Santiago Pena.Pena...
Trump Ally and Paraguayan President Resigns After Massive Bank Collapse Freezes Savings of Nearly 3 MILLION Customers — Furious Protesters Flood Streets as Lawmakers Move to Impeach Him * The Gateway Pundit * by Jim Hᴏft
Paraguayan President Santiago Peña announced his resignation Thursday, November 5, 2026, as the sudden collapse of digital lender Ueno Bank locked nearly three…
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Paraguay President Santiago Peña Announces Resignation as $850 Million Bank Scandal Triggers Impeachment Proceedings
Paraguayan President Santiago Peña announced his resignation after the collapse of Ueno Bank froze approximately 3 million customer accounts, sparked nationwide protests and prompted lawmakers ... The post Paraguay President Santiago Peña Announces Resignation as $850 Million Bank Scandal Triggers Impeachment Proceedings first appeared on [your]NEWS.
In the midst of a banking scandal, Paraguay's President Santiago Peña remains in office against his will.
President Santiago Peña resigned and the parliament accused him. Thousands protest in the capital: "We want your head" . The article Paraguay, seized the Ueno Bank: frozen the savings of 3 million people comes from The Truth.
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