Paraguayan President Santiago Peña Impeached and Arrested After Ueno Bank Collapse
Paraguayan lawmakers impeached and ordered the arrest of President Santiago Peña on 7 November, after the Ueno Bank collapse had left millions of Paraguayans unable to access their savings. The crisis began on 2 November when the central bank placed Ueno Bank into resolution after its capital adequacy fell below legal thresholds, affecting customers and public pension funds, according to Newser.
The same day, central bank president Carlos Carvallo resigned, as reported by Disruption Banking. Days later, President Peña announced his resignation amid mounting protests and an impending impeachment vote, CNN said.