Paraguay president resigns and faces arrest after bank collapse
World · 7 November 2026
Written by AI from multiple news reports
Paraguayan President Santiago Peña resigned on November 5, 2026, after Ueno Bank collapsed.
Millions of customers could no longer use their savings, and protests spread. The central bank took control because Ueno lacked the money required to operate safely.
Peña had past business links to the bank. After his resignation, every senator voted to remove him from office. Vice President Pedro Alliana became president.