Paraguay's Senate removes President Santiago Peña over banking crisis

Paraguayan President Santiago Peña was removed from office Friday following his Senate impeachment trial over his role in a banking crisis affecting nearly 3 million savers. Peña, president since 2023, was found responsible for the crisis that impacted the assets of millions of depositors. The Senate's decision culminates a trial focused on his handling of the financial turmoil. The impeachment marks a dramatic fall for Peña, whose administration faced mounting public anger over the banking sector's collapse and its widespread economic consequences for Paraguayan citizens.