CIVIC LANE
Paraguay’s central bank placed Ueno Bank into resolution proceedings after finding that it had fallen below the minimum solvency requirement. Millions of customers faced disruption to savings, wages and pension payments. On 5 November, President Santiago Peña announced his resignation, and the lower house voted to bring impeachment charges. His announcement did not itself constitute formal acceptance of his resignation; the Senate still had a separate constitutional role. A parliamentary filing alleges conflicts of interest, concerns over appointments and the placement of public pension funds at the bank. Peña has denied wrongdoing. The central bank has announced an initial stage of guaranteed payments to eligible depositors, while the recovery of other funds remains unresolved.