The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.
The president of the South American nation, Santiago Peña, has apologized for failing to prevent its worst financial crisis in decades.
<p>Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse</p><p>Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days.</p><p>At the centre of the crisis is Ueno Bank, which in just a few years under Peña went from an obscure digital bank to one of the country’s largest lenders, claiming to have about 60% of Paraguay’s adult population as customers.</p> <a href="https://www.theguardian.com/world/2026/nov/05/paraguay-president-santiago-pena-resigns">Continue reading...</a>
Paraguayan lawmakers voted to impeach President Santiago Peña minutes after his resignation, as the collapse of a digital bank tied to his government froze millions of people's savings.
Thousands of Paraguayans have taken to the streets over a banking scandal that has left nearly half the population without access to their savings. Protesters are demanding President Santiago Peña face impeachment despite his offer to resign.
Santiago Peña resigned as president of Paraguay amid the Ueno Bank crisis and was later impeached over an alleged conflict of interest. Vice President Pedro Alliana will take office, while millions of Paraguayans wait to recover their deposits.
The accounting black hole at Ueno Bank wipes out public funds, leaves thousands without access to their deposits and drives Paraguay into its worst institutional crisis in years.
In Paraguay zieht die Krise um die Ueno Bank immer weitere Kreise: Weil Präsident Peña die Risiken zu lange ignorierte, leitete das Parlament ein Amtsenthebungsverfahren ein. Auch die Staatsanwaltschaft ermittelt. Von Anne Herrberg.
Paraguay wird von einem Finanzskandal erschüttert, in den auch Präsident Peña verwickelt ist. Der Staatschef will zurücktreten, doch der Kongress nimmt das Rücktrittsgesuch nicht an - und leitet ein Amtsenthebungsverfahren ein.
Inmitten einer schweren Bankenkrise seines Landes hat Paraguays Präsident Peña seinen Rücktritt eingereicht. Ihm wurden geschäftliche Beziehungen zur Muttergesellschaft der Pleitebank vorgeworfen. Von A. Herrberg.
Rimasto isolato, Santiago Peña era a un passo dall'impeachment
Scaricato dal suo stesso partito che voterà a favore della mozione dell'opposizione
Peña desafía al Congreso paraguayo y se defenderá en el juicio político en su contra. Los diputados se niegan a aceptar la renuncia
Paraguayan President Santiago Peña stepped down Thursday amid mounting pressure over the collapse of digital lender Ueno, which left millions of customers unable to access their ac...
<img align="left" alt="Preview" src="https://mf.b37mrtl.ru/files/2026.11/thumbnail/6aeccecd20302704c8480a39.jpg" style="margin-right: 10px;" /> Paraguayan President Santiago Pena, an ally of US President Donald Trump, has resigned after the fall of Ueno Bank triggered mass protests <br /><a href="https://rt-english.com/news/648488-pena-resigns-paraguay-protests/?utm_source=rss&utm_medium=rss&utm_campaign=RSS">Read Full Article at RT.com</a>
Paraguay's president has stepped down after the collapse of Ueno Bank plunged the country into a political crisis.
<p> <img alt="“I have decided to submit my resignation from the Presidency of the Republic. I do so with the stability of our country, social peace and the need to preserve our democratic institutions,” Peña said" height="80" src="https://en.mercopress.com/data/cache/noticias/112008/100x80/sam.jpeg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> Paraguayan President Santiago Peña tendered his resignation on Thursday, cornered by the collapse of Ueno Bank, but minutes later the Chamber of Deputies unanimously voted to impeach him, in an attempt to prevent him from taking up a lifetime Senate seat with immunity from prosecution once he leaves office. The final decision rests with the Senate.</p>
<p><img alt="Paraguay's President Santiago Peña." src="https://fotos.perfil.com/2026/11/05/trim/540/304/paraguays-president-santiago-pena-2361631.jpg" /></p>Trump and Milei lose an ally in Latin America; Paraguayan leader steps down as banking scandal rocks government. <a href="https://www.batimes.com.ar/news/latin-america/paraguays-president-santiago-pena-resigns-amid-banking-scandal.phtml">Leer más</a>
Thousands of Paraguayans have taken to the streets over a banking scandal that has left nearly half the population without access to their savings. Protesters are demanding President Santiago Peña face impeachment despite his offer to resign.
<img alt="Paraguay President Santiago Peña" class="webfeedsFeaturedVisual wp-post-image" height="721" src="https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2026/11/863142281_2186618438730680_3536491237431976064_n.jpg?fit=1280%2C721&ssl=1" style="display: block; margin: auto; margin-bottom: 5px;" width="1280" /><p>The president said he resigned to protect stability, social peace, and democratic institutions.</p> <p>The post <a href="https://www.premiumtimesng.com/foreign/923148-paraguays-president-resigns-but-congress-rejects-his-resignation.html">Paraguay’s President resigns but Congress rejects his resignation</a> appeared first on <a href="https://www.premiumtimesng.com">Premium Times Nigeria</a>.</p>