press (AP), Nov 5
Paraguay's Peña resigns; lower house votes 78-0 to impeach him after bank collapse
A bank failure that reached the presidency.
Key facts
- Vote
- 78-0 in the lower house to impeach Peña, minutes after he announced his resignation (AP)
- Bank
- A major digital bank tied to his government, Ueno Bank, collapsed, freezing millions of people's savings (AP)
- Party
- Lawmakers from his own Colorado Party joined the opposition (AP)
- Protests
- Three days of demonstrations in the capital, Asunción (AP)
- Next
- The charges go to the Senate, where a two-thirds majority is needed to convict (AP)
Note
Paraguay's lower house voted unanimously on Thursday, Nov 5, to impeach President Santiago Peña, just minutes after he announced his resignation, AP reports.
The collapse of a major digital bank tied to his government froze millions of people's savings and sent protesters into the streets, AP reports. The 78-0 vote included lawmakers from his long-ruling Colorado Party, who joined the opposition after three days of demonstrations in the capital, Asunción.
The vote sends the charges to the Senate, where a two-thirds majority is required to convict. The Senate had not ruled when this note was published.
Why it matters
A single bank failure froze savings for millions and, within days, cost a sitting president his office, AP reports.
Sources
- AP: Paraguayan President Peña impeached minutes after resigning following bank collapse (Nov 5 2026)
Primary + secondary attribution as listed.
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