Paraguay President Resigns Amid Bank Crisis

Breaking news from Paraguay as President Santiago Peña has resigned following the collapse of Ueno Bank, a digital lender formerly linked to him. The incident triggered a political crisis after the central bank seized Ueno Bank, leaving millions of customers unable to access their funds. Widespread protests erupted in the capital as public anger grew, prompting lawmakers to submit impeachment articles against Peña, citing conflicts of interest, misuse of pension funds, and institutional cover-ups. Peña announced his resignation in a video message, stating his decision was intended to preserve national stability and protect Paraguay’s democratic institutions. The country’s Congress convened an extraordinary session to debate the president’s future before his announcement, according to Reuters.