# Paraguay’s president resigns amid banking scandal

- URL: https://talkfuse.com/story/paraguays-president-resigns-amid-banking-scandal/
- Published: 2026-11-05T17:13:09+00:00
- Updated: 2026-11-06T02:35:42+00:00
- Original publisher: Le Monde (publisher lean: Left)
- Original article: https://www.lemonde.fr/en/international/article/2026/11/05/paraguay-s-president-resigns-amid-banking-scandal_6772834_4.html
- Topics: Americas, Government, Politics, World

## Key points

- Santiago Peña resigned amid a crisis over Ueno Bank’s collapse.
- Around three million customers lost access to their accounts.
- The bank’s ties to government intensified scrutiny and calls for impeachment.

## Summary

Paraguay’s President Santiago Peña resigned amid a political crisis triggered by the collapse of Ueno Bank, a major digital lender with reported ties to his government. The bank’s failure left millions unable to access their accounts and fuelled protests and calls for Peña’s removal, putting pressure on the country’s reputation for economic stability.

The central bank intervened after Ueno fell short of minimum solvency requirements. The lender had around three million customers in a country of roughly 6.5 million people; the scandal also drew scrutiny because public money had gone to the bank and Peña had previously held a stake in a company linked to it. Congress was moving towards impeachment as pressure mounted.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.