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Nov 5, 2026

Paraguay president resigns and is impeached after Ueno Bank collapse

Paraguayan President Santiago Peña resigned after the collapse of digital lender Ueno Bank froze millions of depositors' savings and triggered widespread protests. Minutes after his resignation, the legislature impeached him; Vice President Pedro Alliana is set to take office.

Nov 5, 2026·6 sources

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Top claims

▪A Paraguayan judge placed two Ueno Bank associates under house arrest on November 5, 2026, following criminal charges brought against bank officials
▪Paraguayan prosecutors charged 27 Ueno Bank associates with breach of trust and attempted fraud, resulting in court-ordered jail time for six bank executives
▪Vice President Pedro Alliana automatically assumes the Paraguayan presidency to complete Santiago Peña's constitutional term ending in August 2028

Topics

Economic collapse Impeachment bid against Paraguay's Santiago Peña Paraguay's resolution of Ueno Bank Protests and civil unrest Political Corruption Latin America

Related entities

Asunción Paraguay