{"id":"1794005710733-news-segment","slug":"paraguay-senate-removes-president-after-bank-collapse","title":"Paraguay Senate removes president after bank collapse","summary":"Paraguay's Senate removed President Santiago Peña from office on Nov. 6, 2026, with a 44-0 vote and one absence. The move followed the collapse of Ueno Bank, which regulators seized days earlier, freezing access to savings for nearly 3 million customers. Vice President Pedro Alliana is expected to complete the term ending in August 2028. Peña had resigned on Nov. 5, but Congress rejected the resignation and proceeded with impeachment.\n\nUeno Bank collapsed after regulators found risky insider lending to companies tied to its parent group, Grupo Vázquez, in which Peña held a stake until 2025. The central bank found loans exceeded legal limits, were poorly documented, and once corrected, Ueno's capital fell below half the legal minimum. Peña was accused of conflict-of-interest, regulatory manipulation, and steering public funds; he denied improper ties.\n\nParaguay's Senate voted to remove President Santiago Peña from office on Nov. 6, 2026, after the collapse of Ueno Bank. The vote was 44-0 with one absence, and Vice President Pedro Alliana is set to succeed him.","publishedAt":"2026-11-06T22:55:10.733Z","channel":{"id":"news","name":"Oncast News","language":"en"},"show":"Washington","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Paraguay's Senate voted to remove President Santiago Peña from office on Nov. 6, 2026, after the collapse of Ueno Bank. The vote was 44-0 with one absence, and Vice President Pedro Alliana is set to succeed him.\nSource: [apnews.com](https://apnews.com/article/paraguay-santiago-pena-bank-failure-ueno-impeachment-trial-resign-crisis-e84f5ada84e8c747329ec82fabb46e4d), [abc.com.py] (https://x.com/AP/status/2118831105839083844)","claims":[{"verdict":"TRUE","summary":"Paraguay's Senate voted to remove President Santiago Peña from office on Nov. 6, 2026, after the collapse of Ueno Bank. The vote was 44-0 with one absence, and Vice President Pedro Alliana is set to succeed him.","sourceName":"[apnews.com](https://apnews.com/article/paraguay-santiago-pena-bank-failure-ueno-impeachment-trial-resign-crisis-e84f5ada84e8c747329ec82fabb46e4d), [abc.com.py]","sourceUrl":"https://x.com/AP/status/2118831105839083844","claim":"BREAKING: Paraguay's Senate votes to remove President Santiago Peña from office following the Ueno bank collapse. https://t.co/0TLZgj5w6e","author":"The Associated Press (@AP)"}]},"sources":[{"url":"https://x.com/AP/status/2118831105839083844","name":"[apnews.com](https://apnews.com/article/paraguay-santiago-pena-bank-failure-ueno-impeachment-trial-resign-crisis-e84f5ada84e8c747329ec82fabb46e4d), [abc.com.py]","kind":"x","verdict":"TRUE","author":"The Associated Press (@AP)"}],"url":"https://oncast.fm/story/1794005710733-news-segment-paraguay-senate-removes-president-after-bank-collapse","listenUrl":"https://oncast.fm/c/news","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794005710733-news-segment-paraguay-senate-removes-president-after-bank-collapse","cite":"Cite https://oncast.fm/story/1794005710733-news-segment-paraguay-senate-removes-president-after-bank-collapse and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bella","text":"Paraguay’s Senate just removed its president."},{"host":"Brian","text":"44-to-0, one senator absent. That’s not a narrow vote."},{"host":"Bella","text":"Associated Press posted it on X. Santiago Peña is out after the Ueno Bank collapse."},{"host":"Brian","text":"Almost three million customers had their savings frozen when regulators seized the bank."},{"host":"Bella","text":"And this had been building. Ueno was lending heavily to companies inside its own parent group."},{"host":"Brian","text":"Grupo Vázquez. Peña held a stake until recently."},{"host":"Bella","text":"Then he appointed a former Ueno-linked figure to run the central bank. That’s the conflict."},{"host":"Brian","text":"It looks like a president refereeing his own finances."},{"host":"Bella","text":"He denies improper ties, and he tried to resign before the vote."},{"host":"Brian","text":"Congress rejected the resignation and moved to impeachment. That’s a political kill shot."},{"host":"Bella","text":"No, no— the central bank found loans over legal limits, badly documented. Once corrected, capital fell below half the legal minimum."},{"host":"Brian","text":"But a 44-to-0 vote? That’s political collapse, not just bank failure."},{"host":"Bella","text":"It can be both. Bad finance arms the opposition. The vote finishes the job."},{"host":"Brian","text":"My read: this is elite capture. A president with a bank stake, regulators looking away until they can’t."},{"host":"Bella","text":"My read: it’s also a power play. Impeachment for misconduct in office is political by design."},{"host":"Brian","text":"But the central bank’s findings are not political. Over-limit loans are facts."},{"host":"Bella","text":"Accusations, with Peña denying them. The Senate vote doesn’t make him guilty of fraud."},{"host":"Brian","text":"It makes him former president. Pedro Alliana is expected to finish the term."},{"host":"Bella","text":"And the savers still can’t get their money. That’s the real outrage."},{"host":"Brian","text":"The constitutional crisis gets settled. The bank pain doesn’t."},{"host":"Brian","text":"Different world entirely— the Treasury is reportedly going after Canadian money firms."},{"host":"Bella","text":"Al Jazeera English posted on X: eight Canadian money-services firms are being sanctioned."},{"host":"Brian","text":"Allegedly for moving transactions for Iranian entities."},{"host":"Bella","text":"And it’s still a report. No official Treasury list is up yet."},{"host":"Brian","text":"If true, it’s huge. The US treating Canadian soil as a sanctions backdoor."},{"host":"Bella","text":"But it matches the pressure campaign. They want third-country payment networks to choose."},{"host":"Brian","text":"Or it’s a warning shot at Ottawa, not just Tehran."},{"host":"Bella","text":"Could be both. Eight firms in one move tells every Canadian bank: Iran business is American business."},{"host":"Brian","text":"But you can’t sanction your way to better intelligence sharing. Canada has its own enforcement."},{"host":"Bella","text":"Canada has been slow on Iran entities. The Treasury may simply be tired of waiting."},{"host":"Brian","text":"Or Treasury wants a headline before the formal paperwork. That happens too."},{"host":"Bella","text":"Fair. We’ll see if the Canadian side confirms."},{"host":"Bella","text":"While we’re on White House moves— Reuters on X reports Trump said Stephen Miller will replace Susie Wiles as chief of staff."},{"host":"Brian","text":"If that holds, it’s a real reshuffle. Wiles was the operator. Miller is the id."},{"host":"Bella","text":"If true, it’s a post-midterm signal: Trump wants a fighter, not a manager."},{"host":"Brian","text":"And after losing Congress, maybe that’s exactly what he needs. Someone who can actually force the agenda."},{"host":"Bella","text":"Miller can’t force votes the Republicans don’t have. You can’t fire your way out of a lost House."},{"host":"Brian","text":"That’s exactly my point! It’s not about blame, it’s about picking a different weapon for divided government."},{"host":"Bella","text":"It’s also a loyalty reward. Miller has been the loyal policy voice for years."},{"host":"Brian","text":"Loyalty plus ideological clarity. Wiles was good, but Miller can run the building like a campaign."},{"host":"Bella","text":"Running a building and running a campaign are not the same skill."},{"host":"Brian","text":"I’d argue for the next two years, they are. It’s all messaging and executive orders."},{"host":"Bella","text":"But you also need someone who can keep the government from tripping over itself."},{"host":"Brian","text":"Miller will find that out the hard way."},{"host":"Bella","text":"Still, Reuters says Trump said it. The White House hasn’t made the formal announcement."},{"host":"Brian","text":"Right. If it becomes official, that’s a major shift. For now, it’s a report."},{"host":"Bella","text":"If it happens, the next two years will be louder."},{"host":"Brian","text":"As if they were quiet before."}]}