Paraguay President Santiago Peña Resigns Amid Ueno Bank Collapse

Paraguay President Santiago Peña Resigns Amid Ueno Bank Collapse

Paraguayan President Santiago Peña resigned Thursday and was impeached minutes later after digital lender Ueno Bank collapsed, leaving about three million customers unable to reach their savings. Vice President Pedro Alliana was sworn in as thousands protested and investigators examined whether political connections helped Ueno expand rapidly and make loans beyond legal limits.

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