Pedro Acosta

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Paraguay's Senate removes Peña over bank collapse; Alliana sworn in

Reported on November 7, 2026, that 1.196 million depositors had received about $160 million in state guarantee payments

Paraguay's Senate removed President Santiago Peña on November 6, 2026, over the collapse of Ueno Bank, and Vice President Pedro Alliana was sworn in the same day. Prosecutors charged Peña the next day with breach of trust and administration for personal gain, and a judge ordered him held at the Regimiento Escolta Presidencial, the presidential guard regiment.

Updated 3 days ago