Paraguay President Santiago Peña resigns after bank collapse

Published16 minutes agoParaguay's President Santiago Peña has announced his resignation following a political crisis sparked by the collapse of a bank linked to him."I want to apologise to the people if at any point I failed," he said in a video message on social media.The political crisis in Paraguay erupted after financial institution Ueno Bank, which was linked to Peña, entered an insolvency process, which froze all operations.Peña's resignation came after Paraguay's lower house of congress voted in favour of pursing an impeachment trial against him.This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X, external to get the latest alerts.Related topicsParaguay