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.
- On Thursday, President Santiago Peña attempted to resign amid Ueno Bank's collapse, but Congress refused, voting 78 to 0 to impeach him instead to strip his immunity.
- Regulators revealed on Monday that Ueno had fallen below the legal solvency ratio after holding around $800 million in public deposits through poorly documented loans and wrongly counted assets.
- The guaraní fell nearly 7% this week, while the Labor Ministry estimates about 7,000 direct and indirect jobs are affected, leaving millions without access to savings and wages.
- Thousands marched on Congress in Asunción on Wednesday demanding accountability, while prosecutors charged 27 Ueno officials with breach of trust, ordering founder Miguel Vázquez and president Juan Manuel Gustale jailed until trial.
- If Peña is removed, Vice President Pedro Alliana would likely assume power, potentially challenging 70 years of Colorado Party dominance that critics claim facilitated the corruption destabilizing Paraguay.
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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.
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…
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.
Paraguay’s leader resigns after bank failure leaves millions without savings
ASUNCIÓN, Paraguay — Paraguay’s president announced his resignation on Thursday after a major bank with close ties to his administration went under, leaving half the country’s population of 6 million without access to their money.
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