The collapse of Ueno Bank has triggered a major financial crisis in Paraguay, resulting in legislative impeachment debates and reports that President Santiago Peña has stepped down.
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The collapse of Ueno Bank has triggered a major financial crisis in Paraguay, resulting in legislative impeachment debates and reports that President Santiago Peña has stepped down.
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up. Paraguayan President Santiago Peña stepped down Thursday after the collapse of a major commercial bank with ties to his government plunged the South American nation into financial and social turmoil.
Deutsche Welle English reported the story as "Paraguay: President Pena resigns amid bank crisis." The Independent reported the story as "How one bank’s collapse is upending Paraguay, trapping savings and threatening its president." South China Morning Post reported the story as "Paraguay’s President Pena resigns under mounting pressure from bank collapse."
4 sources have covered this story, including South China Morning Post, Deutsche Welle English, Bloomberg and The Independent. The earliest reporting in the cluster landed about 1 hour ago.
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Claim ledger
[01] VerifiedCore event reported by 4 independent outlets across the spectrum.
[02] CorroboratedKey facts corroborated by mainstream + wire desks.
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