1 Day
Source:
Newsday
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Paraguay Bank Fallout
Paraguay’s lower house voted 78-0 to impeach President Santiago Peña on Thursday, minutes after he announced his resignation amid protests over the collapse of Ueno Bank. The central bank seized the lender after finding that losses had left its capital below the legal minimum, freezing customers’ savings and trapping wages and pensions. The impeachment charges went to the Senate, while Vice President Pedro Alliana was expected to take over.
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