Paraguay's President Santiago Peña Announces His Resignation Amid Bank Collapse

Paraguayan President Santiago Peña announced his resignation on Thursday, November 5, 2026, amid a political crisis triggered by the collapse of Ueno Bank, a digital lender linked to him. The bank's insolvency, a formal legal process for institutions unable to meet their debts, froze its operations. He said he chose to resign for the country's stability and social peace.