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Paraguay’s president quits after millions of people’s savings frozen in bank crisis

The Guardian Business's headline. Reported by The Guardian Business, The Guardian World.

File picture: Arild Vågen via Wikimedia Commons, CC BY-SA 4.0

What The Guardian Business reported

Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse 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. At the c

The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.

Paraguay’s president quits after millions of people’s savings frozen in bank crisis. Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse 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. At the c Covered by 2 publications. The Guardian Business: Paraguay’s president quits after millions of people’s savings frozen in bank crisis. The Guardian World: Paraguay’s president quits after millions of people’s savings frozen in bank crisis.

Who is covering it

  1. The Guardian Business United Kingdom Paraguay’s president quits after millions of people’s savings frozen in bank crisis Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse 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. At the c 5 h ago · Tier 1
  2. The Guardian World United Kingdom Paraguay’s president quits after millions of people’s savings frozen in bank crisis Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse 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. At the c 17 h ago · Tier 2

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

More from Business

File picture: Subeesh Balan സുഭീഷ് ബാലൻ via Wikimedia Commons, CC BY-SA 3.0
Politics · United States 5 publications

Paraguay President Santiago Peña resigns

According to ABC News (US), Paraguay President Santiago Peña has resigned following a bank collapse. The BBC News World reported that the move follows the collapse and a vote by the lower house of congress in favour of pursuing an impeachment trial against him. Al Jazeera English said Peña, described as a Trump ally, had faced an impeachment motion and protests after the collapse of digital lender ueno. Euronews attributed the resignation to the collapse of Ueno Bank, which it said wiped out public funds and left thousands without access to deposits. Arise News said the banking crisis left millions unable to access accounts and triggered political turmoil. The sources describe the event as developing, and the number of people affected differs between Euronews (thousands) and Arise News (millions). Summary from 5 sources

Sources differ: Euronews says thousands were left without access to deposits, while Arise News says millions were unable to access accounts.

Summary from 5 sources BBC News World first also Al Jazeera English, ABC News (US), Euronews, Arise News