Paraguay President Pena resigns in wake of bank collapse

Paraguayan President Santiago Pena resigned on November 5 after the collapse of digital lender ueno left about three million customers unable to access their accounts. The crisis prompted protests, calls for his removal and an impeachment effort in Congress, while members of his own conservative party withdrew their support. Lawmakers accused him of conflicts of interest, misuse of pension funds and covering up problems at the bank, which administered close to $850 million in public funds. Vice President Pedro Alliana is set to succeed him.