AGP Executive Report
Last update: 2 hours agoDepositor Relief: President Pedro Alliana says pension payments and annual bonuses for 90,000 retirees will go ahead on Nov. 17, despite the Social Security Institute’s $350 million investment in collapsed Ueno Bank. About 1.2 million customers have received roughly $160 million in guaranteed deposits; nearly 3 million were affected. Criminal Probe: Prosecutors charged former president Santiago Peña with breach of trust and using office for personal gain, and asked a judge to order his pretrial detention. Peña denies wrongdoing. Former central bank chief Carlos Carvallo also faces charges. Political Fallout: Peña was impeached Friday after the bank failure triggered protests and froze customer accounts. Alliana was sworn in to serve the remainder of the term, through August 2028.
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