Santiago Peña announced his resignation by video on Thursday following the resolution of Ueno Bank, but Congress refused to accept his departure. The Chamber of Deputies unanimously voted to impeach him, and the Senate is scheduled to hear his defense on Friday, November 7, with 30 votes out of 45 needed to remove him from office. The central bank placed Ueno under resolution on November 3 after its capital ratio fell below half the regulatory threshold, with eight executives detained and 27 people prosecuted. The deposit guarantee fund has begun reimbursing small depositors, while most of Ueno Bank’s three million customers remain unable to access their money.
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