Paraguay ousts President Santiago Peña over Ueno Bank collapse
Paraguay's digital bank Ueno, a homegrown success story that drew about half the country's people, collapsed and set off a national crisis.
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What happened
Paraguay's digital bank Ueno, a homegrown success story that drew about half the country's people, collapsed and set off a national crisis. The Paraguayan Senate then voted to remove President Santiago Peña from office for poor performance of his duties after the collapse.
Why it matters
They also describe losses borne by depositors and concerns about weak oversight.
Timeline
- Nov 8, 11:37 PM ET: The Paraguayan Senate voted unanimously to remove President Santiago Peña from office in the bank collapse impeachment trial.
- Nov 9, 8:44 AM ET: Peña faces charges of financial crimes following the Ueno Bank collapse, and his home was raided.
Coverage
- Paraguay Senate removes president from office in bank collapse impeachment trial (jurist.org)
- How a Bank Built for Ordinary Paraguayans Brought Down a President (themedialine.org)
- Paraguay’s bank collapse hits millions (Semafor)
- How a digital bank’s collapse toppled Paraguay’s president (Yahoo News)
- How Paraguay's Digital Bank Collapse Led to Presidential Impeachment (globalbankingandfinance.com)
- How a Digital Bank’s Collapse Toppled Paraguay’s President (Reuters)
- Court jails Paraguay’s ousted ex-president Pena over bank collapse (turkiyetoday.com)
- Impeached Paraguayan leader charged over banking crisis as protests wreak havoc (firstpost.com)
- Prosecutors Detain Ousted Paraguay President Santiago Peña Over Bank Collapse Charges (NewsCord)
- Paraguay's ousted president charged with crimes linked to collapse of major bank (AP)
- Paraguay’s bank collapse topples president, raises investor risks (TradingView)
- Unrest in Paraguay amid banking and political crises, in photos (AP)
- Paraguay's ousted president faces prosecutors after his removal (Los Angeles Times)
- Paraguay's ousted president faces prosecutors after his removal over bank collapse (PBS)
- Paraguay's former president faces prosecutors after his removal over bank collapse (CNBC)
- Paraguay President Impeached and Immediately Arrested Amid Banking Crisis (Newsweek)
- ‘Very strange, very sad’: Paraguay bank collapse fells a presidency and leaves millions broke (The Guardian)
- Paraguay launches investigation against president Peña for his alleged involvement in bank collapse (jurist.org)
- Ousted Paraguay president under house arrest after bank collapse (France 24)
- Paraguay's President Santiago Peña impeached and arrested (BBC)
- Paraguay's impeached President Pena placed under house arrest over banking crisis (firstpost.com)
- Bitcoin and USDT attract modest premiums in Paraguay as millions face banking crisis (cryptoslate.com)
- Paraguay raids former president Pena's home after bank collapse
- Paraguay's ex-president Peña charged, detained over Ueno Bank collapse
- Paraguay president impeached as Ueno Bank collapse freezes savings
- Paraguay's president quits after Ueno Bank collapse
- Paraguay's central bank takes control of Ueno digital lender
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