Collapse of Paraguay's Ueno Bank plunges country into political crisis

ABC News Australia · 2026-11-06 05:39 UTC

Paraguay's president has stepped down after the collapse of Ueno Bank plunged the country into a political crisis.

In short:

A bank holding more than $800 million in Paraguayan public deposits has collapsed, plunging the country into a political crisis.

Lawmakers have rejected President Santiago Peña's resignation after a unanimous vote to begin impeachment proceedings against him.