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Paraguay’s Peña faces impeachment as Ueno Bank collapse triggers resignations

latimes.com [$] — November 6, 2026 at 05:01 PM UTC

Paraguayan President Santiago Peña faces an impeachment trial that could remove him from office, after top aides resigned and senators rejected his request for more time to respond to accusations tied to the collapse of Ueno Bank, a digital lender serving nearly half the population. The bank's failure this week froze savings for millions and triggered a political crisis, with Interior Minister Enrique Riera and chief of staff Javier Giménez resigning. Peña claims he lacked due process, receiving the summons and 300 pages of evidence hours before the session. The lower house voted 78-0 to impeach him. Prosecutors have opened three criminal investigations, charging former Ueno CEO Miguel Vázquez and detaining six directors. Peña's resignation offer, which would grant him senator-for-life immunity, has split lawmakers, with conviction requiring 30 of 45 Senate votes. Vice President Pedro Alliana would serve out the term through August 2028.

With a significance score of 3.2, this news ranks in the top 7.9% of today's 29272 analyzed articles.

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[4.2]

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[4.1]

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[4.0]

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[3.9]

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[3.9]

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[3.8]

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[3.8]

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[3.7]

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[3.7]

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[3.7]

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1d 15h

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1d 8h

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[2.2]

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[2.1]

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[2.1]

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