Paraguay Senate removes President Pena after Ueno bank collapse freezes deposits

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Paraguay's Senate impeached and removed President Santiago Pena on Friday over a banking crisis that froze deposits for millions of people. Senators voted overwhelmingly to oust Pena following the implosion of Ueno bank, one of the country's largest lenders, with which he had ties. The crisis left millions unable to access their savings. The bank's seizure and collapse triggered widespread protests across Paraguay, adding pressure on lawmakers to act. Pena's removal marks a dramatic political fallout from the financial turmoil.


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