Paraguay’s president quits after millions of people’s savings frozen in bank crisis
Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
537 articles
Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
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Paraguayan lawmakers voted to impeach President Santiago Peña minutes after his resignation, as the collapse of a digital bank tied to his government froze millions of people's savings.
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President Pena, a Trump ally, had faced an impeachment motion and protests after the collapse of digital lender ueno.
Paraguayan President Santiago Peña resigned from office this Thursday after Ueno Bank was shut down in the middle of the night due to a solvency crisis, leaving customers unable to access th…
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