PolicyDecryptabout 1 hour ago
Paraguay President Resigns After Bank Collapse
3 min read
Paraguayan President Santiago Peña resigned Thursday after Ueno Bank collapse cut off nearly three million customers. Regulators found capital below half minimum while bank held roughly $800 million in public deposits. Lower house voted 78-0 to impeach Peña minutes later as Vice President Pedro Alliana prepares to take over.
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