Paraguay President Santiago Peña resigns after bank collapse

Paraguay’s president just announced his resignation after a major bank with close ties to his administration went under, leaving half the country’s population of six million without access to their money. www.nytimes.com/2026/11/05/w...

Thank goodness I have Mastodon so I find out what is going on in the rest of the world! ➡️ Santiago Peña Resigns As President Of #Paraguay Following Ueno Bank Collapse asunciontimes.com/paraguay-new...

Paraguay facing a political and economic crisis as the digital bank holding accounts for half the country’s population is caught doing crime and collapses. The Trump/Millei-aligned president tightly associated with the bank has resigned.

November 5, 2026: The largest bank in Paraguay, holding approximately 60% of the country's bank accounts just collapsed, with everyone's money and assets entirely frozen, and as you can see, the people are angry.

#PoeticiaDiaria EnPeñados Otra vez un corralito, sobre el Paraguay se aviene, como en parque al niño chico tu ahorro y dinerito te restringe y retiene. Ya dimite el presidente que a Ueno Bank dio lana, el que estafó a la gente y que es un referente de la derecha hispana.

Geeeez ... this is not great. "Ueno Bank has said it has about three million customers, equivalent to about 60% of Paraguay's adult population. It held pensions and some other public funds and, after its collapse earlier this week, millions could not access their accounts."

President Peña of Paraguay a right wing friend and supporter of Trump, the lame duck, is OUT. Forced to resign over a bank collapse.

Paraguay prosecutor will seek charges against President Peña following bank collapse apnews.com/article/ueno...

“Conservative Economist” lol Paraguay’s Leader Resigns After Bank Failure Leaves Millions Without Savings www.nytimes.com/2026/11/05/w...

Paraguay is going through it. The country’s biggest bank, closely connected to the right wing party of the president who resigned today, collapsed, and half the country is unable to access their accounts.

Another trump acolyte runs his country into the ground. www.nytimes.com/2026/11/05/w...

Paraguay's lower house votes unanimously to impeach President Santiago Peña minutes after his resignation, following the collapse of a digital bank tied to his government. Lawmakers send the charges to the Senate as thousands protest to recoup their frozen savings.

The Peña thing was a very Trumpian move - mar 🍰@jaeheesgf·7h A note on Paraguay: we aren’t just mad because we can’t access our money (although that in itself is awful), but because said bank went bankrupt because they used PUBLIC FUNDS to give out GIGANTIC loans to people connected to the president

Santiago Peña, President of Paraguay, resigns amid crisis over bank collapse that left millions unable to access their money. www.cnn.com/2026/11/05/a...

This is what the right wants to do here and they would have if they hadn't lost so big. "Ueno Bank reportedly held approximately $800 million in public deposits, including money belonging to the country’s social security and health funds and operators of major hydroelectric dams."