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Paraguay bank scandal topples Trump ally President Peña

theage.com.au [$] — November 7, 2026 at 12:01 PM UTC

The collapse of Paraguay's Ueno Bank has led to the removal of President Santiago Peña from office, dealing a significant blow to US President Donald Trump's efforts to expand influence in Latin America. Regulators seized the bank on Tuesday, declaring it insolvent after finding excessive loans to companies linked to controlling shareholder Miguel Vázquez, who is now in jail. Peña, a former investor in the bank's parent company, was impeached by Congress and placed under house arrest, with Vice President Pedro Alliana sworn in as his replacement. The scandal has trapped over one million Paraguayan savers, including national football team players, and exposed divisions within the ruling Colorado Party. The bank's collapse undermines Paraguay's reputation for stability, which had been praised by US officials as a regional model.

With a significance score of 3.9, this news ranks in the top 4.3% of today's 29272 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:

Most significant articles on this story:

[4.4]

Paraguay impeaches and arrests President Peña after bank collapse (vg.no)

1d 15h

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[4.4]

Paraguay's President Impeached and Arrested After Bank Collapse (nrk.no)

1d 7h

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[4.2]

Paraguay impeaches President Peña after bank collapse; new leader sworn in (aftenposten.no)

1d 5h

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[4.1]

Paraguay's Senate removes President Peña amid Ueno Bank collapse and protests (moneycontrol.com)

24h

[4.0]

Paraguay's New President Alliana Sworn In After Peña Removed Over Bank Crisis (nos.nl)

1d 15h

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[4.0]

Paraguay's Senate Removes President Santiago Peña in Bank Scandal (diepresse.com)

1d 7h

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[3.9]

Paraguay bank scandal topples Trump ally President Peña (theage.com.au)

1d 4h

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[3.9]

Paraguay impeaches Pena over banking crisis, Alliana sworn in as president (standardmedia.co.ke)

1d 4h

[3.9]

Paraguay's Senate impeaches President Peña over Ueno Bank collapse (ilpost.it)

1d 17h

Link Source (Italian)

[3.8]

Paraguay’s President Impeached After Ueno Bank Collapse Freezes Millions of Accounts (theguardian.com)

1d 4h

[3.8]

Paraguay's Senate impeaches President Pena over banking scandal (orf.at)

1d 5h

Link Source (German)

[3.8]

Paraguay's Senate impeaches and arrests President Peña after bank collapse (nettavisen.no)

1d 11h

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[3.7]

Paraguay in Crisis: Ueno Bank Collapse Sparks Protests and Impeachment of President Peña (tg24.sky.it)

1d 17h

Link Source (Italian)

[3.7]

Paraguay impeaches and arrests President Santiago Peña over banking crisis (bbc.com)

1d 13h

[3.7]

Paraguay's Senate removes President Peña over banking crisis (svt.se)

1d 14h

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[3.7]

Paraguay's Senate removes President Peña; Vice President Alliana takes office (spiegel.de)

1d 6h

Link Source (German)

[3.7]

Ueno Bank's Collapse Topples Paraguay's President Santiago Peña (elpais.com)

1d 16h

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[3.6]

Paraguayan President Arrested and Removed Over Bank Collapse That Cost Millions Their Savings (demorgen.be)

1d 12h

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[3.6]

Paraguay's Senate removes President Peña over banking crisis (dn.se)

1d 16h

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[3.6]

Paraguay Senate removes President Pena after Ueno bank collapse freezes deposits (news18.com)

1d 17h

[3.6]

Paraguay's ousted president placed under house arrest after banking crisis (theguardian.com)

1d 13h

[3.6]

Paraguay impeaches President Peña amid Brazil spying and cannon disputes (g1.globo.com)

1d 9h

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[3.6]

Paraguay's ousted president placed under house arrest after bank collapse (france24.com)

1d 9h

[3.6]

Paraguay Senate impeaches President Peña, successor Alliana sworn in (channelnewsasia.com)

1d 13h

[3.6]

Paraguay ousts president after Ueno Bank collapse (smh.com.au)

1d 7h

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[3.5]

Paraguay's Senate impeaches President Peña over banking crisis; new president sworn in (rtbf.be)

1d 5h

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[3.5]

Paraguay impeaches and arrests President Peña over banking crisis (bbc.co.uk)

1d 14h

[3.5]

Paraguay Senate impeaches President Pena over bank crisis (ndtv.com)

1d 14h

[3.5]

Paraguay's ousted president placed under house arrest after bank collapse (cbc.ca)

1d 15h

[3.5]

Paraguay's Senate impeaches President Pena over Ueno bank collapse (dw.com)

1d 2h

[3.4]

Paraguay's Senate impeaches President Pena, a Trump ally, over bank scandal (wiadomosci.wp.pl)

1d 14h

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[3.4]

Paraguay's ousted president placed under house arrest after Ueno Bank collapse (theglobeandmail.com)

1d 10h

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[3.4]

Paraguayan ex-president faces prosecutors after impeachment over bank collapse (npr.org)

22h

[3.4]

Former Paraguayan President Santiago Peña arrested in Asunción after impeachment (bbc.com)

22h

Link Source (Spanish)

[3.4]

Paraguay's Ueno Bank collapse topples President Peña and freezes millions in savings (naftemporiki.gr)

1d 2h

Link Source (Greek)

[3.4]

Paraguay's Senate impeaches President Pena over bank crisis, places him under house arrest (khaleejtimes.com)

1d 3h

[3.4]

Paraguay's Senate impeaches president over bank collapse; Peña placed under house arrest (meduza.io)

1d 5h

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[3.4]

Paraguay's Congress Ousts President Peña Over Banking Scandal (sueddeutsche.de)

1d 15h

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[3.4]

Paraguay Protests Erupt After Ueno Bank Collapse and Ex-President's Arrest (aftonbladet.se)

5h

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[3.3]

Paraguay's Senate Ousts President Peña Over Banking Scandal (skynewsarabia.com)

1d 14h

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[3.3]

Paraguay Swears In Pedro Alliana After Santiago Peña's Impeachment Over Banking Crisis (boursorama.com)

1d 11h

Link Source (French)

[3.3]

Paraguay's parliament impeaches President Peña over banking crisis (tagesschau.de)

1d 13h

Link Source (German)

[3.2]

Paraguay's Senate Impeaches President Peña Over Banking Scandal; Alliana Sworn In (lemonde.fr)

1d 15h

Link Source (French) [$]

[3.2]

Paraguay impeaches President Pena over Ueno Bank collapse (thehindu.com)

1d 16h

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[3.2]

Paraguay’s Peña faces impeachment as Ueno Bank collapse triggers resignations (latimes.com)

1d 23h

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[3.2]

Paraguay's Senate impeaches President Peña; Alliana sworn in to complete term (ansa.it)

1d 13h

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[3.2]

Paraguay's president faces impeachment over collapsed digital bank (dn.se)

1d 23h

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[3.1]

Pedro Alliana sworn in as Paraguay's president after Santiago Peña's house arrest over bank Ueno collapse (nrc.nl)

1d 14h

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[3.1]

Paraguay's president impeached and arrested as 3 million lose bank access (hotnews.ro)

1d 7h

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[3.1]

Paraguay's Congress removes President Peña amid banking scandal (stern.de)

1d 15h

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[3.1]

Paraguay's Senate impeaches President Peña over banking scandal (faz.net)

1d 17h

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[3.1]

Paraguay bank collapse strands half the population, topples president (indiatoday.in)

1d 10h

[3.1]

Paraguay's President Peña Impeached Over Banking Scandal Tied to Political-Finance Collusion (lemonde.fr)

1d 5h

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[3.1]

Paraguay's Peña Resigns to Prevent Further Damage, Urges Institutional Recovery (noticiassin.com)

1d 18h

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[3.1]

Paraguay's Senate removes President Peña after Ueno Bank collapse (hindustantimes.com)

1d 8h

[3.1]

Pedro Alliana becomes Paraguay's president after Santiago Peña's impeachment over Ueno Bank collapse (english.mathrubhumi.com)

1d 12h

[3.1]

Paraguay's president placed under house arrest after bank collapse (cbsnews.com)

1d 5h

[3.1]

Paraguay Senate removes President Peña over Ueno Bank collapse (hindustantimes.com)

1d 16h

[3.0]

Paraguay Senate impeaches President Peña over banking crisis; VP Alliana sworn in (vanguardngr.com)

1d 5h

[3.0]

Paraguay's President Impeached After Ueno Bank Collapse (rtl.be)

1d 6h

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[3.0]

Paraguay's Senate removes President Santiago Peña over banking crisis (swissinfo.ch)

1d 14h

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[3.0]

Paraguay's President Santiago Peña impeached and arrested after bank collapse (the-star.co.ke)

1d 9h

[3.0]

Paraguay Arrests President Peña Over Ueno Bank Collapse; Alliana Sworn In (ilsole24ore.com)

24h

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[2.9]

Lula congratulates Paraguay's new president and invites him to Brasília (valor.globo.com)

1d 12h

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[2.9]

Paraguay's Banco Uno Collapse Leaves 3 Million Stranded, President Under House Arrest (tamil.oneindia.com)

1d 4h

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[2.9]

Paraguayan ex-president Peña under house arrest after Ueno Bank collapse (mb.com.ph)

1d 14h

[2.9]

Former Paraguayan President Santiago Peña Detained After Impeachment Over Bank Collapse (ici.radio-canada.ca)

14h

Link Source (French)

[2.9]

Paraguay's Senate impeaches President Santiago Peña over Ueno Bank scandal (noticias.uol.com.br)

1d 17h

Link Source (Portuguese)

[2.9]

Paraguay's Congress removes President Peña amid banking scandal (ruhrnachrichten.de)

1d 15h

Link Source (German)

[2.8]

Paraguay's impeached President Pena placed under house arrest in banking crisis (firstpost.com)

1d 14h

[2.8]

Paraguay's Senate removes President Peña; house arrest follows Ueno Bank scandal (lanacion.com.ar)

1d 16h

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[2.8]

Paraguay's Senate impeaches President Peña after Ueno Bank collapse strands 3 million depositors (protothema.gr)

1d 16h

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[2.8]

Paraguay's Ousted President Detained on Misconduct Charges (dn.se)

10h

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[2.8]

Paraguay Senate launches impeachment trial against President Peña after Ueno Bank collapse (dailypost.ng)

1d 5h

[2.8]

Paraguay's ousted president placed under house arrest after Ueno Bank collapse (beaumontenterprise.com)

1d 15h

[2.8]

Paraguay’s impeached president Santiago Peña held in preventive detention over Ueno Bank collapse (boursorama.com)

16h

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[2.7]

Paraguay arrests ex-President Peña over Ueno Bank collapse (rainews.it)

1d 15h

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[2.7]

Paraguay's Senate impeaches President Peña after Ueno Bank collapse (podrobnosti.ua)

1d 3h

Link Source (Ukrainian)

[2.7]

Paraguay Prosecutors Charge Deposed President Peña in Bank Scandal (stern.de)

14h

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[2.7]

Paraguay's central bank starts repaying savers hit by banking crisis (lefigaro.fr)

1d 14h

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[2.7]

Paraguay bank scandal: savers get money back, but anger persists (boursorama.com)

13h

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[2.6]

Paraguayan Senate Moves to Decide Santiago Peña's Political Future (noticiassin.com)

1d 21h

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[2.6]

Paraguay’s Peña loses top aides as impeachment trial resumes over failed bank (abcnews.com)

1d 23h

[2.6]

Paraguay's Ueno Bank collapse triggers political crisis and impeachment push (aljazeera.com)

1d 21h

[2.6]

Paraguay banking scandal triggers impeachment trial for President Peña (20min.ch)

1d 20h

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[2.6]

Pedro Alliana sworn in as Paraguay's president after Peña's removal over bank collapse (ici.radio-canada.ca)

1d 14h

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[2.6]

Paraguay impeaches president after Ueno Bank collapse strands millions (tvrain.tv)

1d 3h

Link Source (Russian)

[2.6]

Paraguay prosecutors arrest ousted President Pena over Ueno Bank collapse (economictimes.indiatimes.com)

14h

[2.6]

Paraguay's Ex-President Peña Under House Arrest After Impeachment (gazetadopovo.com.br)

1d 16h

Link Source (Portuguese)

[2.6]

Paraguay's Ex-President Pena Under House Arrest After Bank Collapse (economictimes.indiatimes.com)

1d 14h

[2.6]

Paraguay's Senate removes President Peña over banking crisis (newsbomb.gr)

1d 14h

Link Source (Greek)

[2.6]

Paraguay's Senate removes President Peña, places him under house arrest (skai.gr)

1d 14h

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[2.6]

Paraguay's ousted president placed under house arrest after bank collapse (cbc.ca)

1d 11h

[2.5]

Crowd attacks ex-President Peña's home after Ueno Bank collapse in Paraguay (ilfattoquotidiano.it)

1d 2h

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[2.5]

Paraguay's Pedro Alliana sworn in as president after Pena's impeachment (aljazeera.com)

1d 14h

[2.5]

Paraguay's Senate Unanimously Impeaches President Santiago Peña (correiodoestado.com.br)

1d 17h

Link Source (Portuguese)

[2.5]

Paraguay Arrests Ex-President Peña After Senate Strips His Immunity (ara.cat)

1d 6h

Link Source (Spanish)

[2.5]

Paraguay's banking crisis ousts President Peña, triggers protests (tf1info.fr)

1d 6h

Link Source (French)

[2.5]

Paraguay charges ex-President Peña over Ueno Bank collapse (thehindu.com)

14h

Link Source [$]

[2.4]

Paraguay's Ex-President Peña Moved to Military Unit After Protests (oglobo.globo.com)

1d 10h

Link Source (Portuguese)

[2.4]

Paraguay removes President Peña amid banking scandal (nordkurier.de)

1d 15h

Link Source (German)

[2.4]

Paraguay prosecutors question ex-President Peña after bank collapse ouster (abcnews.com)

23h

[2.4]

Paraguay indicts ex-President Peña and ex-Central Bank chief over Ueno Bank case (poder360.com.br)

17h

Link Source (Portuguese)

[2.4]

Paraguay Swears In Alliana as President After Peña Removed Over Bank Crisis (nos.nl)

1d 4h

Link Source (Dutch)

[2.4]

Paraguay's Ex-President Under House Arrest; Alliana Takes Office (radio.uchile.cl)

1d 3h

Link Source (Spanish)

[2.4]

Paraguay protests demand prison for ex-President Peña over bank collapse (lagazzettadelmezzogiorno.it)

1d 12h

Link Source (Italian)

[2.3]

Paraguay's Ex-President Santiago Peña Placed Under House Arrest After Impeachment (noticias.uol.com.br)

1d 16h

Link Source (Portuguese)

[2.3]

Paraguay’s ueno bank collapse: Owner arrested, president and central bank chief resign (valor.globo.com)

1d 22h

Link Source (Portuguese)

[2.3]

Paraguay's Ex-President Peña Placed Under House Arrest After Impeachment (laregion.es)

1d 8h

Link Source (Spanish)

[2.3]

Ueno Bank Collapse Topples Paraguay's President Santiago Peña (timesofindia.indiatimes.com)

24h

[2.3]

Paraguay's President Peña removed and placed under house arrest after banking scandal (srf.ch)

1d 16h

Link Source (German)

[2.3]

Pedro Alliana Sworn In as Paraguay's President After Senate Impeaches Pena (news18.com)

1d 15h

[2.3]

Paraguayan police detain ex-President Santiago Peña after Senate impeachment (biobiochile.cl)

1d 14h

Link Source (Spanish)

[2.3]

Pedro Alliana sworn in as Paraguay's president after banking crisis ousts Pena (hindustantimes.com)

1d 10h

[2.3]

Paraguay's Senate removes President Peña; he faces charges under house arrest (elciudadano.com)

1d 5h

Link Source (Spanish)

[2.3]

Paraguay Impeaches and Detains Former President Santiago Peña (obozrevatel.com)

13h

Link Source (Ukrainian)

[2.2]

Paraguay's ousted president faces questioning over bank collapse (latimes.com)

21h

Link Source [$]

[2.2]

Paraguay prosecutors seek pretrial detention for ex-president Santiago Peña (listindiario.com)

21h

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[2.2]

Paraguay judge orders ex-president Peña held in pretrial detention (reuters.com)

15h

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[2.2]

Paraguay's Ex-President Peña Under House Arrest After Impeachment (cdn.com.do)

1d 16h

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[2.1]

Paraguay's Congress removes President Peña despite his resignation (noticiassin.com)

1d 17h

Link Source (Spanish)

[2.1]

Pedro Alliana becomes Paraguay's president after Senate ousts Peña (usnews.com)

1d 4h

[2.1]

Paraguay's Ousted President Peña Placed Under House Arrest (in.gr)

1d 14h

Link Source (Greek)

[2.1]

Paraguay's Ex-President Peña Faces Prosecutors After Impeachment and House Arrest (usnews.com)

24h

[2.1]

Paraguay charges ousted President Peña over Ueno Bank collapse (mb.com.ph)

14h

[2.1]

Pedro Alliana, leukemia survivor, assumes Paraguay's presidency after Peña's removal (listindiario.com)

1d 12h

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[2.1]

Paraguay court orders arrest of ex-President Peña over Ueno Bank collapse (ru.apa.az)

14h

Link Source (Russian)

[2.1]

Former Paraguayan President Testifies in Banking Crisis Probe (odia.ig.com.br)

22h

Link Source (Portuguese)

[2.0]

Paraguay’s Ousted President Charged in Ueno Bank Collapse (aljazeera.com)

21h

[2.0]

Paraguayan Ex-President Arrested After Impeachment (tribunadonorte.com.br)

1d 16h

Link Source (Portuguese)

[2.0]

Pedro Alliana takes Paraguay's presidency after surviving leukemia (informacion.es)

1d 6h

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[2.0]

Former Paraguayan President Santiago Peña Arrested in Asunción (g1.globo.com)

1d 16h

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[2.0]

Paraguay ex-president charged in bank collapse that stranded millions (hindustantimes.com)

19h

[2.0]

Paraguay's Ex-President Charged in Collapse of Major Bank (cbc.ca)

14h

[2.0]

US backs Pedro Alliana as Paraguay's new president (poder360.com.br)

19h

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[1.9]

Paraguay's impeached president transferred to military unit after clashes (cnnbrasil.com.br)

1d 11h

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[1.9]

Paraguay's President Skips Senate Hearing, Lawyers Present Defense (elheraldo.co)

1d 23h

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[1.9]

Paraguay court orders ex-president Peña held in pretrial detention (rappler.com)

5h

[1.9]

Pedro Ayana sworn in as Paraguay's president after Senate ousts Peña over banking scandal (skai.gr)

1d 13h

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[1.9]

Paraguay’s Ex-President Charged in $1.6 Billion Banking Collapse (timesnownews.com)

15h

[1.9]

Pedro Alliana sworn in as Paraguay's president after Congress impeaches Santiago Peña (bbc.com)

1d 15h

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[1.8]

Paraguay arrests former President Peña in Ueno Bank case (corriere.it)

1d 15h

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[1.8]

Former Paraguayan President Peña arrested in Ueno Bank case (lagazzettadelmezzogiorno.it)

1d 14h

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[1.8]

Pedro Alliana takes Paraguay's presidency after Santiago Peña's impeachment (gazetadopovo.com.br)

1d 12h

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[1.8]

Paraguayan President Peña seeks 72-hour delay in impeachment defense (quadratin.com.mx)

1d 22h

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[1.8]

Paraguay ex-president charged in banking crisis that sparked protests (firstpost.com)

15h

[1.8]

Paraguay's Ex-President Peña Arrested After Impeachment in Ueno Bank Scandal (abcmais.com)

1d 16h

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[1.7]

Pedro Alliana takes office as Paraguay's president after bank collapse (gulfnews.com)

1d 10h

[1.7]

Paraguay's ex-president Peña moved to military prison after impeachment (g1.globo.com)

1d 6h

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[1.7]

Pedro Alliana takes power in Paraguay after Peña's removal (eldia.com)

10h

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[1.6]

Paraguay's Ousted President Peña Under House Arrest in Ueno Bank Scandal; Successor Sworn In (protothema.gr)

1d 14h

Link Source (Greek)

[1.6]

Milei government sees Paraguay's Alliana as more right-aligned, expects continuity (gazetadopovo.com.br)

1d 15h

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[1.6]

Itaipu seeks Paraguay's help to recover US$182 million from Ueno Bank (economia.uol.com.br)

13h

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[1.6]

Paraguay arrests ex-President Peña over Ueno Bank collapse (news.mail.ru)

1d 16h

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[1.6]

Paraguay's ex-president moved to military base after protests (noticias.uol.com.br)

1d 8h

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[1.6]

Pedro Alliana, leukemia survivor, assumes Paraguay's presidency (eldia.es)

1d 6h

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[1.5]

Itaipu's Paraguayan side holds nearly R$1 billion in Ueno Bank as resolution begins (redir.folha.com.br)

13h

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[1.5]

Pedro Ayana sworn in as Paraguay's president after Senate ousts Peña (newsbomb.gr)

1d 13h

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[1.5]

Itaipu seeks court recovery of R$1 billion held in suspended Paraguayan bank (g1.globo.com)

1h

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[1.3]

Itaipu files criminal complaint against Ueno Bank directors to recover $163.8 million (gazetadopovo.com.br)

15h

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[1.3]

Paraguay court detains ex-central bank chief over Ueno Bank collapse (news.mail.ru)

14h

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[1.3]

Pedro Aliana sworn in as Paraguay's new president after Peña's impeachment (noticias24carabobo.com)

16h

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[1.1]

Paraguayan Court Detains Ex-Central Bank Chief in Ueno Bank Case (mk.ru)

12h

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[1.1]

Brazilian medical student in Paraguay loses tuition funds after Ueno Bank collapse (g1.globo.com)

1d 9h

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[0.9]

Paraguay's Itaipu moves to recover R$ 1 billion frozen at Ueno Bank (diariodocentrodomundo.com.br)

2h

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