The banking crisis increased the pressure, Paraguayan President Pena resigned

Paraguayan President Santiago Peña resigned after the Ueno bank crisis left roughly 3 million customers unable to access their accounts, and Congress accepted the impeachment process that followed. The collapse of Ueno, one of the country's largest banks, has spilled into national politics, with Peña stepping down amid mounting pressure over the handling of the crisis. The disruption affected a large share of Paraguay's population, underscoring the scale of the bank's role in the financial system. Lawmakers moved quickly to accept the impeachment proceedings, clearing the way for a leadership transition. What to watch next is who takes over the presidency and how the new government stabilizes Ueno's depositors and the broader banking sector.