Paraguay's Senate removes President Peña over banking crisis

Paraguay's Senate unanimously removed President Santiago Peña from office on Friday, finding him guilty of misconduct related to a banking crisis that left nearly 3 million depositors without access to their funds. The Senate voted 44-0 among the 45 members present to convict Peña on charges of "poor exercise of his duties," with Senate President Basilio Núñez announcing his removal from the presidency. Peña had held the office since 2023. The impeachment stemmed from the banking crisis that severely impacted depositors across the country, marking a significant political upheaval in Paraguay's leadership.