World News
Ueno Bank collapse triggers impeachment crisis for Paraguay's President Peña
Lawmakers voted to impeach President Santiago Peña as prosecutors open probes and officials resign.
The short version
- Paraguay's central bank moved to resolve Ueno Bank on November 3 after finding it breached minimum solvency requirements.[Deutsche Welle]
- The lower house voted 78-0 to impeach President Santiago Peña, who had tendered a resignation that Congress did not accept.[ABC News · Deutsche Welle]
- Senators voted 39-3 to reject Peña's request for 72 more hours to prepare his defense.[ABC News]
- Interior Minister Enrique Riera and two senior presidential aides have resigned, while prosecutors have opened three criminal investigations.[ABC News · Deutsche Welle]
Key facts
- Paraguay's central bank began resolution procedures against Ueno Bank on November 3, 2026, after determining it breached minimum solvency requirements.[Deutsche Welle]
- Ueno Bank reportedly held public funds of roughly $800 million to $850 million.[Al Jazeera · Deutsche Welle]
- Prosecutors announced three investigations into suspected financial crimes linked to the bank's collapse.[Deutsche Welle]
- The lower house voted 78-0 to impeach President Santiago Peña and send the case to the Senate.[ABC News · Deutsche Welle]
- Peña tendered his resignation on November 5, but Congress did not accept it.[Deutsche Welle]
- Senators voted 39-3 to reject Peña's request for 72 more hours to prepare his defense.[ABC News]
- Interior Minister Enrique Riera resigned, followed by chief of staff Javier Giménez and presidential legal adviser Roberto Moreno.[ABC News]
- Central bank chief Carlos Carvallo resigned on November 3 at Peña's request.[Deutsche Welle]
What remains uncertain
- Peña denies any direct involvement with Ueno Bank, and that denial is attributed to him rather than independently verified.[Deutsche Welle]
- The total public funds held by Ueno Bank are based on media reports and remain unconfirmed.[Al Jazeera · Deutsche Welle]
- Whether the Senate will convict Peña remains unknown, as the impeachment proceedings are ongoing.[Deutsche Welle]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.