Paraguay's President Santiago Peña Resigns Following Ueno Bank Collapse
Source Summary
Santiago Peña resigned as Paraguay's president amid scrutiny over his former connections to Ueno Bank's parent company. The digital bank's collapse left millions of customers unable to access their funds, triggering the political crisis.
Why it matters
A sitting head of state's resignation over a major financial institution's collapse signals severe governance and public-confidence crisis in Paraguay's banking system.
