Paraguay's Senate resumes President Peña impeachment proceedings

Paraguay's former president, Santiago Peña, was impeached and removed from office following the collapse of Ueno Bank, which left nearly three million customers without access to their savings. The bank failure occurred when Ueno’s digital services abruptly stopped working in early November 2026, affecting almost half of Paraguay's population. In response to the crisis, Peña initially resigned on November 5th to preserve the country’s stability and democratic institutions. However, he was impeached by lawmakers who had gathered inside the Legislative Palace shortly after his resignation. Police later raided Peña's mansion during an ongoing investigation into his role in the banking scandal, discovering a concealed vault behind a false wall. The collapse of Ueno Bank has plunged Paraguay into its worst institutional crisis in years, highlighting deep-seated issues within the country’s financial sector and political leadership.