Paraguay in chaos as Ueno Bank collapse forces President Peña to resign

The collapse of Ueno Bank in Paraguay has triggered national chaos, leading to President Santiago Peña's resignation amid protests from three million frozen account holders. The crisis threatens the broader financial system. Peña, a founding partner of Ueno Bank, resigned in a video citing national stability, but could gain parliamentary immunity if accepted. The central bank has begun reimbursing small depositors up to 1,450 euros, with broader guarantees reaching 33,200 euros. The bank held 2.8 billion dollars in deposits, including 380 million from social security funds. Protesters demand Peña face justice, while the central bank chief resigned Wednesday over failed oversight.