paraguay #santiagopena #uenobank #bankingcrisis #politicalcrisis #southamerica #breakingnews #worldnews #vntv #vnationtv

PARAGUAYAN PRESIDENT SANTIAGO PEÑA RESIGNS AFTER UENO BANK COLLAPSE FREEZES MILLIONS OF ACCOUNTS

Paraguayan President Santiago Peña resigned on November 5, 2026, following the collapse of Ueno Bank, a major digital lender whose intervention left approximately three million customers unable to access their accounts. The crisis triggered protests, allegations of conflicts of interest and questions over the bank's links to Peña and his administration. Paraguay's lower house subsequently voted unanimously to impeach him, while Vice President Pedro Alliana emerged as his expected successor. Authorities have begun arrangements to protect eligible deposits, investigate alleged financial misconduct and recover public funds, but uncertainty remains over larger deposits and the wider consequences of the collapse.