Paraguay's Senate removes President Peña over banking crisis

Paraguay's senate voted to remove President Santiago Peña from office over misconduct, potentially leading to prosecution related to the country's banking crisis. By dismissing Peña instead of accepting his resignation, the senate stripped him of a lifelong senate seat and immunity. The crisis began when bank Ueno, serving about 60 percent of the country's adults, collapsed, sending shockwaves through the financial system. Peña, a former co-owner of the group controlling the bank, requested removal on Thursday but was denied. Prosecutors investigating the Ueno crash issued an arrest warrant for the ousted president on Friday evening, according to Reuters.