# Paraguay Senate Removes President Peña Amid Bank Collapse

> Paraguay's Senate removes President Santiago Peña after Ueno Bank collapse sparks legal threats.
- Title: Paraguay Senate Removes President Peña Amid Bank Collapse
- Summary: Paraguay's Senate removes President Santiago Peña after Ueno Bank collapse sparks legal threats.
- Keywords: senate, paraguay, santiago pena, bank ueno, legal action, political crisis, kumparan
- Source: kumparan — https://kumparan.com/kumparanbisnis/senat-paraguay-makzulkan-santiago-pena-usai-bank-ueno-kolaps-terancam-dipidanakan-28WiftZCmmI
- Read time: 1 min
- Topics: senate, paraguay, santiago pena, bank ueno, legal action, political crisis, news
## Senate removes President Peña
Paraguay's Senate removed President Santiago Peña on November 6 after Ueno Bank collapse.
## Ueno Bank collapse
Ueno Bank, a major digital bank, collapsed this week, freezing savings for millions of Paraguayans.
## Legal action against Peña
Paraguay's prosecutors opened a criminal investigation into Peña for alleged ties to Ueno Bank.
## Peña's political ties
Peña, a close ally of former US President Donald Trump, previously offered to resign amid pressure over Ueno Bank.
## Senate's decision
All 44 senators voted to remove Peña, ending his eligibility for lifetime Senate seats without voting rights.
## Political fallout
Peña's removal follows a political crisis triggered by Ueno Bank collapse and protests over financial instability.
## Key takeaway

Paraguay's Senate removed President Santiago Peña following Ueno Bank's collapse, which triggered legal action over alleged ties to the bank.