Paraguay's President Santiago Peña Resigns Amid Ueno Bank Crisis

Summary

Paraguayan President Santiago Peña has resigned amid the Ueno bank scandal. The New York Times reported that Peña quit and apologized for failing to prevent what it described as the country's worst financial crisis in decades. The Hindu reported that Peña stepped down as the banking crisis sowed chaos, and that thousands of Paraguayans gathered outside Congress on Thursday, November 5, 2026, to protest against the president. NDTV reported that Peña, a right-wing leader, said he would attend his impeachment trial.

Timeline

1. The New York Times

   5 Nov 2026, 21:37 UTCSource ↗

   Reports that Paraguayan President Santiago Peña has quit amid the Ueno Bank scandal, and that he apologized for failing to prevent the country's worst financial crisis in decades.

2. The Hindu

   6 Nov 2026, 01:54 UTCSource ↗

   Reports that Paraguayan President Santiago Peña has stepped down as a banking crisis sows chaos, and that thousands of Paraguayans gathered outside Congress on Thursday, November 5, 2026, to protest against the president.

3. NDTV

   6 Nov 2026, 02:22 UTCSource ↗

   Reports that Paraguayan President Santiago Peña has resigned amid protests over the Ueno banking crisis, and that he said he would attend his impeachment trial.