Politics
Paraguay’s Pena under military protection in bank collapse chaos
Paraguay moves ex-President Santiago Pena to military base for protection after dramatic day in Asuncion.
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Paraguay
World
Paraguay's former president charged after bank collapse
Santiago Peña was ousted due to a banking crisis which left millions of people unable to access their money.
Politics
Paraguay: Ueno Bank storm dragged Santiago Peña, dismissed, arrested and replaced
44 senators voted unanimously in favour of the President's dismissal, for his ties with the Ueno Bank, whose closure has led to an unprecedented political crisis in the country. In a quick succession, the Office of the Prosecutor ordered the arrest of Peña, the National Police carried out the measure, upon notification of his house arrest, the former President was summoned to give statements, pending an indictment, and President Pedro Alliana was sworn in his place.
Politics
Paraguay: President Santiago Pena under house arrest over bank crisis
Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Politics
Report from Asunción: protesters celebrate the dismissal of Santiago Peña in Paraguay
Santiago Peña's dismissal unleashed scenes of celebration on the streets of Paraguay. After days of protests and increasing citizen pressure over the crisis linked to Ueno Bank, protesters went to the streets to demand a political trial of the now expressive. The Senate found him guilty of "misperforming" and took him from office. The report is from our correspondent Flavia Borja
Politics
Report from Asunción: Peña's fall unleashes celebrations; Alliana is sworn president
The political crisis in Paraguay added a new chapter after the Senate's dismissal of Santiago Peña and subsequent detention. While some protesters were celebrating on the streets, others announced mobilizations towards the former president's residence. Prosecutors pointed out that Peña could face charges for alleged trust and administration injury for its own benefit, although they indicated that the investigation remains open.
World
Ueno Bank's payments to savers start in Paraguay under certain requirements
The Central Bank of Paraguay initiated the return of deposits to Ueno Bank customers, which was involved in solvency problems. At this first stage, payments are aimed at small savers who meet the requirements established by the authorities. The measure comes in the midst of criticism, protests and uncertainty about the recovery of funds from other depositors affected by the crisis.
Politics
Paraguay’s Santiago Pena under arrest, new president Pedro Alliana sworn in
The sudden leadership change comes as Paraguay reels from the collapse of the Ueno Bank, a popular lender.
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Politics
Who is Pedro Alliana, the new president of Paraguay with whom he seeks to rearm the powerful Colorado Party
Pedro Alliana was sworn on Friday as the new president of Paraguay, following the political trial with which Congress took Santiago Peña out of office.
Politics
Paraguay's President, Santiago Peña, dismissed and arrested for alleged corruption
The Senate approves, with the votes of all the legislators of the government, the political death of the president, which was achieved by a financial scandal. Vice President Pedro Alliana is sworn in as new head of state
Politics
Paraguay Senate dismisses President Santiago Pena over bank crisis
Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
World
Report from Asunción: payments to Ueno Bank savers start
The Central Bank of Paraguay (BCP) began the return of deposits to Ueno Bank customers, which was involved in solvency problems. At this first stage, payments are directed to savers with deposits up to $1,600 provided they have no debts to the entity and have an account in another bank to receive the funds. According to data disseminated by the authorities, the process involves more than 720,000 accounts and will be carried out gradually. Customers with higher amounts must wait for the next stages of the return plan. Our correspondent Flavia Borja
Politics
Paraguay's former President Santiago Peña is under house arrest after being dismissed by Congress for the Ueno Bank scandal
Peña was removed from office and now faces possible criminal responsibilities for her role in the Ueno Bank scandal.
World
Who is Miguel Vázquez, the millennial banker and athlete in the center of the Paraguay crisis
Vásquez is the majority shareholder of the Vásquez Group, owned by Ueno Bank in Paraguay
Politics
Ueno Bank scandal plunges Paraguay into political crisis
Suspected financial fraud, public money at risk and millions of customers affected: Paraguay is in serious crisis following the sudden collapse of Ueno Bank. President Santiago Pena is facing impeachment.
Politics
Where's the Colorado Party going? The Paraguayan disorder following the points to Santiago Peña
In our section 'In Context' we analyze the centenary validity of the Colorado Party of Paraguay and how even with the questions to President Santiago Peña about the case of Ueno Bank political force is not at the focus of the storm. Meanwhile, we review why Congress decided not to take the resignation of the red president, how the political trial process follows and what is expected for the succession of 2028.
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World
Why is Paraguay facing a banking and political crisis?
Ueno collapse raises questions about state influence and accountability.
World
The fall of Ueno Bank is shaking the Paraguayan financial system: where did the money go?
Ueno Bank's intervention in Paraguay raises questions about the fate of the deposits of millions of users and the return of their savings. The Deposit Guarantee Fund provides resources to respond to those affected, but there are legal limits of up to $37,000 per person. This uncertainty is compounded by about $850 million in public funds that were deposited with the entity, of which some $380 million would be from the Social Security Institute (IPS). The recovery of resources will also depend on possible embargoes and the sale of
Politics
"Where is the silver?": Javier Panza analyses the political crisis in Paraguay
The lawyers of the President of Paraguay, Santiago Peña, presented themselves to the House of Senators to assume the technical defence of the president, after the Senate rejected the request for a 72-hour extension. The defence clarified that, for the time being, only the legal team will appear, not the president, who will be waiting for the Senate to enable a court to exercise his defence in a personal way. The lawyer also questioned the conditions imposed by Congress and stated that they limit the scope of the defence. How did Paraguay get to this crisis? We analyzed it.
Politics
How Paraguay’s Ueno collapse is only its latest banking crisis
President Santiago Pena is under fire over links to parent company of collapsed bank.