Paraguay President Santiago Peña Resigns Amid Digital Bank Collapse

Paraguay President Santiago Peña resigned on November 5, 2026, after the collapse of digital bank Ueno threw the country into a banking and political crisis. The failure of the fast-growing digital lender rattled depositors, shook confidence in Paraguay's financial system, and triggered a political backlash that left lawmakers weighing impeachment proceedings against the president. Peña's resignation brings a sudden end to his presidency and leaves the country facing urgent questions about banking oversight, how depositors will be protected, and who will take charge of a government now dealing with the fallout of one of the most disruptive bank failures in the country's recent history. Source: CNN, November 5, 2026.

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