Santiago Peña Impeached After Resigning
Paraguay’s lawmakers impeached Peña minutes after he quit amid a bank-collapse crisis.
November 5, 2026 · Updated Nov 5, 2:45pm ET
Los Angeles TimesParaguay's president impeached minutes after resigning following bank collapse
NPRParaguay's president is impeached minutes after resigning following a bank collapse
RedStateParaguay’s President Resigns: Three Million Bank Customers Still Can’t Get Their Money
The GuardianParaguay’s president quits after millions of people’s savings frozen in bank crisis
ABC NewsHow one bank’s collapse is upending Paraguay, trapping savings and threatening its president
ZeroHedgeThe Bank Tied To Paraguay's President Just Collapsed, And Depositors Are In The Streets
CNNPresident of Paraguay resigns amid crisis over bank collapse that left millions unable to access their money
UPIWatch: Paraguay's Peña resigns as lawmakers approve impeachment charges
Washington TimesParaguay political opposition moves to impeach embattled president over banking scandal
Al JazeeraParaguay President Pena resigns in wake of bank collapse
BBC NewsParaguay President Santiago Peña resigns after bank collapse
Breitbart NewsConservative President Santiago Peña of Paraguay Resigns over Bank Crisis Leaving Millions Without Access to Funds
Hot AirPresident of Paraguay Resigns as Country's Largest Digital Bank Seized
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Pano rates the coverage Balanced.
What happened
- Paraguay’s lower house voted 78-0 Thursday to impeach President Santiago Peña
Santiago Peña PalaciosPresident of Paraguay since 2023 minutes after he announced his resignation over the collapse of Ueno BankUeno BankParaguayan bank. - The central bank seized the insolvent digital lender, which said it had about 3 million customers, freezing access to savings, wages and pensions.
- Lawmakers accused Peña, a former shareholder in the bank’s parent company, of conflicts of interest and mishandling public funds; he denied wrongdoing.
- Protesters demanding access to their money filled the capital’s streets for three days, while lawmakers from Peña’s own Colorado PartyColorado Partypolitical party in Paraguay joined the opposition against him.
- The charges now go to the SenateSenate of Paraguayupper house of the Paraguay's Parliament, where a two-thirds vote is required to convict, while depositors await access to their funds.
How the left told it
Left-leaning outlets framed the bank collapse as a financial crisis for millions that became a political reckoning for Peña. The Guardian highlighted families unable to buy food and other essentials, while the Los Angeles Times called the unanimous impeachment vote a “stunning repudiation” by lawmakers from his own party.
How the right told it
Right-leaning outlets emphasized customers locked out of their money, protests and questions about political oversight. Breitbart highlighted the unrest, and ZeroHedge detailed allegations of insider lending. RedState acknowledged Peña’s conservative affiliation but wrote, “there’s no defending an outcome that leaves people wondering whether they can get their own savings back.”
Peña Impeachment Crisis
Part of the storyline · Storyline →- Nov 7Santiago Peña Placed Under House ArrestBalanced
- Nov 6President Peña’s Senate Trial BeginsLeans Right
- Nov 5Santiago Peña Impeached After Resigning (this story)Balanced
