Paraguay President Santiago Peña resigns following bank collapse
Also reported by BBC World, Al Jazeera
Summary
The article reports that Paraguay President Santiago Peña resigned on Nov. 5, following the collapse of Ueno Bank. The Associated Press said Paraguay’s central bank had seized the major digital lender hours earlier amid a solvency crisis; the report said further details would follow.Key Facts
- Santiago Peña resigned as president of Paraguay.
- Ueno Bank was seized by Paraguay’s central bank hours before Peña’s resignation.
- The bank faced a solvency crisis.
- Ueno Bank was described as a major digital lender.
- Executives of Ueno Bank arrived in custody at the anti-corruption prosecutor’s office in Asunción on Nov. 4.
- The Associated Press said its report was an alert and that updates would follow.
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