Justice · Asunción, Paraguay · November 8, 2026

Paraguay's ousted president charged over bank collapse

Reported by 6 outlets · first reported Nov 7, 2:33 PM ET

Prosecutors charged Santiago Peña after the Senate removed him. He was moved to prison without privileges. Compensation for Ueno Bank clients has begun.

Why it matters

It is a major test of Paraguay's institutions.

Background

Ueno Bank was a digital bank used by half of Paraguayans.

The story so far

1. Nov 4Paraguay takes over Ueno Bank, freezes deposits
2. Nov 5Paraguay's president resigns and is impeached after bank collapse
3. Nov 6Paraguay's Senate removes President Peña, who is placed under house arrest
4. Nov 7Paraguay's Senate removes President Peña after Ueno Bank collapse
5. Nov 8Paraguay's ousted president charged over bank collapse
6. Nov 9Paraguay appoints new central bank chief after Ueno Bank collapse
7. Nov 10Paraguay names new central bank chief after Ueno collapse
8. Nov 11Paraguay repays Ueno Bank savers; Peña faces probe
9. Nov 12Paraguay partly refunds Ueno Bank depositors after collapse

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Sources

• CBC News ↗Nov 7, 2:33 PM ET
• MercoPress ↗Nov 7, 8:53 PM ET
• France 24 ↗Nov 8, 5:42 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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