WORLDBBC NewsSAT 07 NOV 2026 / 1:20 AM CST

Paraguay's president impeached and under house arrest after bank collapse

Paraguay's President Santiago Peña has been impeached and placed under house arrest after a bank collapse triggered a crisis that left more than half of the country's population without access to their accounts.

Peña was arrested on Friday minutes after lawmakers, including from his own party, unanimously voted to remove him from office following the collapse earlier this week of Ueno Bank, which has links to his private business interests.

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Paraguay's president impeached and under house arrest after bank collapse

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