NEWS
Back to Feed
Politics

Paraguay president resigns amid banking collapse

Paraguay's rightwing president, Santiago Peña, has resigned after a political and financial crisis brought down the country's banking system. At its centre is Ueno Bank, which grew within a few years from an obscure digital lender into one of the largest, claiming about 60% of adult Paraguayans as customers.

This summary is based on reporting by The Guardian.

Read the full story at The Guardian