Paraguay President resigns after bank having half of population's savings collapses overnight

Paraguayan President Santiago Peña resigned following the collapse of ​Ueno Bank, leaving three million customers, in a country of 6.5 million people, unable to access their accounts. Peña, who was a shareholder in Ueno's parent company, said, "I do so with the stability of our country, social peace...in mind." The bank was put under resolution over a severe capital shortfall.