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This we know of the Ueno Bank scandal, the crisis that struck Paraguayan President Santiago Peña

The dissolution by financial insolvency of Ueno Bank, one of Paraguay's leading digital banks and close links with President Santiago Peña, has triggered a financial crisis and a political earthquake in the country. While almost 3 million customers have been frozen access to their savings and when Congress was preparing to start a political trial against him, the conservative president presented his resignation.

Paraguay: President Santiago Peña on the brink of impeachment against a background of bank scandal

In the wake of a national banking scandal, the President of Paraguay, Santiago Peña, announced his resignation on Thursday, but remained technically at the head of the state because Parliament failed to vote to accept or refuse it. Accused of "bad performance of his duties" and "conflict of interest", he is preparing for his trial in impeachment on Friday.

Crisis in Paraguay: Congress takes a political trial against Santiago Peña and puts his resignation as president on hold

The President of Paraguay resigned in the midst of the crisis unleashed by Ueno Bank's intervention. The Congress will begin a political trial on Thursday against Peña after having no quorum to decide whether or not to accept his resignation.

Ueno Bank and Peña's resignation: at risk for investors' confidence in Paraguay?

In recent years, Paraguay has gained importance as an investment destination for its stability; however, the resignation of President Santiago Peña completely changes the picture. We spoke to Gabriel Giménez Roche, political analyst and professor of economics at NEOMA Business School, about what is happening in terms of the country's reliability and international qualifications.

Peña Renunciation in Paraguay in the face of political trial and protests by Ueno Bank

Following the pressure of a possible political trial and protests on the streets, Santiago Peña resigned the Paraguayan Presidency. Peña presented her resignation through a video published on her social networks, following the intervention and closure of Ueno Bank, which affects millions of customers and opened a front of political instability. The decision takes place after the blocks of the Chamber of Deputies announced their support for the political trial and confirmed the votes necessary to move forward with the dismissal. From Asunción, our correspondent, Flavia Borja, extended the details.

What awaits Paraguay after the resignation of President Santiago Peña?

Paraguay's President, Santiago Peña, resigned in the midst of the crisis unleashed by the intervention and closure of Ueno Bank, which affects millions of customers and opened a front of political instability. However, Congress continues to debate in order to advance the political trial and reject its resignation. What's waiting for Paraguay? Esteban Caballero, a political scientist and researcher associated with FLACSO, explains this.

Santiago Peña renounces Paraguay's presidency cornered by a financial scandal

The Chamber of Deputies rejects his resignation in order to prevent him from having a party and moves forward with the political trial.

The Congress of Paraguay starts a political trial against Santiago Peña in the Ueno Bank case despite his resignation from the presidency

The decision comes after legislators from the opposition and its own party pushed a political trial to remove it.

Santiago Peña resigns the Paraguayan Presidency after crisis by Ueno Bank

Through a video published on his social media, Paraguay's President, Santiago Peña, resigned on November 5 following the opening of a debate in the Chamber of Deputies on a possible political trial for the intervention and closure of Ueno Bank, an entity linked to the president. The Central Bank's measure triggered a financial and political crisis that affected 2.9 million customers with branch closures and access to accounts.

What is Ueno Bank and what caused the crisis in which Santiago Peña resigned as President of Paraguay

The intervention of Ueno Bank, one of Paraguay's largest financial institutions, has shaken the country's banking system and its political leadership. The President of the country is facing a political trial that could be approved on Thursday.

Political crisis in Paraguay: President Santiago Peña, ad portas of a political trial for banking crisis

Opposition deputies filed a request for a trial of dismissal against the President of Paraguay and his vice-president for the crisis involving one of the country's largest banks, which led to the freezing of deposits of about three million people. The order is discussed intensively on Thursday, November 5.

Tension in Paraguay: President Santiago Peña, ad portas of a political trial