Paraguay's Senate resumes President Peña impeachment proceedings

Paraguayan President Santiago Pena was impeached by the Senate and placed under house arrest on Friday due to his involvement in the collapse of Ueno bank, a major financial institution tied to his government. Despite offering his resignation, lawmakers moved forward with impeachment proceedings to remove him from office and strip him of legal immunity typically granted to former presidents. Pena did not appear at…

Paraguay’s former president Santiago Peña has been charged with breach of trust and administrative misconduct following his impeachment due to a banking scandal. Peña, who denies any wrongdoing, was removed from office after Ueno Bank collapsed, leaving over half of Paraguay's population unable to access their accounts. The bank collapse led to public protests and the arrest of Peña shortly after his impeachment by…

Ueno Bank's collapse in Paraguay left approximately 2.9 million customers, or about 60% of the adult population, unable to access their funds. This crisis led to widespread protests and ultimately resulted in President Santiago Peña's impeachment. The bank held significant public funds, including $355 million from the Social Security Institute, raising concerns about accountability and financial oversight in the…

Paraguay’s former right-wing president Santiago Peña was placed under house arrest following his impeachment by Congress due to a banking crisis that left over 60% of the country's adult population unable to access their bank accounts. The crisis centered around Ueno Bank, which had been suspended after irregularities were discovered; this affected approximately 2.9 million people who are now unable to use their own…

Paraguay President Santiago Peña resigned after the collapse of Ueno Bank, a major digital lender that had over 60% of Paraguay’s adult population as customers. The bank's rapid growth and subsequent failure led to political unrest, with members of Peña's own party supporting his impeachment. The crisis raised concerns about regulatory oversight and the influence of the ruling Colorado Party on Paraguay’s financial…

Paraguayan President Santiago Peña resigned on Thursday after his party withdrew support following the collapse of Ueno Bank, which froze millions in people's savings. In a video statement, Peña cited stability concerns but did not accept direct responsibility for the financial crisis. His resignation must now be ratified by Congress, with Vice President Pedro Alliana set to take over if accepted. The collapse has…

Paraguayan President Santiago Peña resigned on Thursday due to a banking crisis caused by the collapse of ueno, a digital lender with which he had previous business ties. This collapse left nearly half of Paraguay's population without access to their bank accounts. In his resignation speech, Peña cited concerns for national stability and social peace. The incident has led to the resignation of the central bank chief…

Paraguay is facing a political crisis following the collapse of Ueno Bank, which held over $800 million in public deposits. President Santiago Peña initially resigned via social media but was subsequently impeached by Congress despite his resignation attempt. Lawmakers are now proceeding with impeachment proceedings, rejecting his offer to resign. The central bank's takeover of Ueno Bank led to protests and a…

On November 6, 2026, Paraguayan President Santiago Pena resigned amid a banking crisis that left three million people unable to access their savings after the Central Bank seized his politically linked Ueno Bank. Demonstrators gathered in Asuncion protesting against Pena’s continued provisional rule and demanding return of their frozen deposits. Congress initiated impeachment proceedings against Pena, who remains in…

The collapse of Ueno Bank in Paraguay has sparked a major political and financial scandal, involving potential mismanagement of hundreds of millions of dollars in public funds and alleged ties between the bank and President Santiago Pena. The crisis began on November 3 when the central bank intervened due to Ueno's failure to meet solvency requirements, suspending operations and leaving three million customers…

Paraguay’s president was removed from office and detained following the collapse of Ueno, the country's largest digital bank. The failure left half of Paraguay’s population without access to their funds, causing a significant political crisis. Ueno faced allegations of insider lending and connections to the ruling party favored by Washington. The app had previously been praised for expanding financial access in an…