Paraguay's president Santiago Peña resigned on Thursday, as lawmakers began debating impeachment over the collapse of Ueno Bank, whose resolution last Monday froze the deposits of about 3 million customers, the Guardian reports. The Guardian
the GuardianParaguay’s president quits after millions of people’s savings frozen in bank crisisSantiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
What should a government do first to protect ordinary depositors when a bank this large fails?
