Paraguay's ousted president placed under house arrest after bank collapse

Paraguayan authorities placed ousted president Santiago Peña under house arrest on Friday, shortly after the Senate removed him from office over a massive banking crisis that locked nearly half of Paraguayans out of their savings. Peña offered his resignation over the scandal, but lawmakers pressed ahead with impeachment proceedings that stripped him of political immunity. All 44 senators present voted to remove Peña for misconduct, making him the second Paraguayan president ousted by impeachment since 1989. He faces charges of breach of trust and influence peddling, accused of steering public funds into Ueno Bank while regulators overlooked risky lending. Peña denies wrongdoing, and Vice President Pedro Alliana was sworn in as his successor. Regulators seized Ueno Bank three days before the impeachment, triggering the country's worst political crisis in over a decade. Depositors have begun recovering funds up to about $1,500, with the central bank insisting the broader financial system remains safe.