…Santiago Peña has reportedly resigned amid a political crisis following the collapse of Ueno Bank, a digital lender allegedly linked to his former business interests. Peña announced his resignation on Thursday in a video message posted on social media, saying his decision was intended to protect the country’s stability…
…house of Congress voted to pursue an impeachment trial against himThe crisis began when Ueno Bank, a financial institution linked to Peña, collapsed and froze operations, leaving millions unable to access their accountsLawmakers accused Peña of conflicts of interest, citing his past shareholding in the company that own…
…Protests have roiled the South American nation after its central bank took control of Ueno Bank on Tuesday, citing a severe capital shortfall. Opposition lawmakers on Wednesday submitted a request to impeach Pena over the crisis, accusing him of favouritism toward the bank in regulatory and pension fund decisions. “I w…