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.
Ueno 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.
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.
BParaguay’s Senate just removed its president.
B44-to-0, one senator absent. That’s not a narrow vote.
BAssociated Press posted it on X. Santiago Peña is out after the Ueno Bank collapse.
BAlmost three million customers had their savings frozen when regulators seized the bank.
BAnd this had been building. Ueno was lending heavily to companies inside its own parent group.
BGrupo Vázquez. Peña held a stake until recently.
BThen he appointed a former Ueno-linked figure to run the central bank. That’s the conflict.
BIt looks like a president refereeing his own finances.
BHe denies improper ties, and he tried to resign before the vote.
BCongress rejected the resignation and moved to impeachment. That’s a political kill shot.
BNo, no— the central bank found loans over legal limits, badly documented. Once corrected, capital fell below half the legal minimum.
BBut a 44-to-0 vote? That’s political collapse, not just bank failure.
BIt can be both. Bad finance arms the opposition. The vote finishes the job.
BMy read: this is elite capture. A president with a bank stake, regulators looking away until they can’t.
BMy read: it’s also a power play. Impeachment for misconduct in office is political by design.
BBut the central bank’s findings are not political. Over-limit loans are facts.
BAccusations, with Peña denying them. The Senate vote doesn’t make him guilty of fraud.
BIt makes him former president. Pedro Alliana is expected to finish the term.
BAnd the savers still can’t get their money. That’s the real outrage.
BThe constitutional crisis gets settled. The bank pain doesn’t.
BDifferent world entirely— the Treasury is reportedly going after Canadian money firms.
BAl Jazeera English posted on X: eight Canadian money-services firms are being sanctioned.
BAllegedly for moving transactions for Iranian entities.
BAnd it’s still a report. No official Treasury list is up yet.
BIf true, it’s huge. The US treating Canadian soil as a sanctions backdoor.
BBut it matches the pressure campaign. They want third-country payment networks to choose.
BOr it’s a warning shot at Ottawa, not just Tehran.
BCould be both. Eight firms in one move tells every Canadian bank: Iran business is American business.
BBut you can’t sanction your way to better intelligence sharing. Canada has its own enforcement.
BCanada has been slow on Iran entities. The Treasury may simply be tired of waiting.
BOr Treasury wants a headline before the formal paperwork. That happens too.
BFair. We’ll see if the Canadian side confirms.
BWhile we’re on White House moves— Reuters on X reports Trump said Stephen Miller will replace Susie Wiles as chief of staff.
BIf that holds, it’s a real reshuffle. Wiles was the operator. Miller is the id.
BIf true, it’s a post-midterm signal: Trump wants a fighter, not a manager.
BAnd after losing Congress, maybe that’s exactly what he needs. Someone who can actually force the agenda.
BMiller can’t force votes the Republicans don’t have. You can’t fire your way out of a lost House.
BThat’s exactly my point! It’s not about blame, it’s about picking a different weapon for divided government.
BIt’s also a loyalty reward. Miller has been the loyal policy voice for years.
BLoyalty plus ideological clarity. Wiles was good, but Miller can run the building like a campaign.
BRunning a building and running a campaign are not the same skill.
BI’d argue for the next two years, they are. It’s all messaging and executive orders.
BBut you also need someone who can keep the government from tripping over itself.
BMiller will find that out the hard way.
BStill, Reuters says Trump said it. The White House hasn’t made the formal announcement.
BRight. If it becomes official, that’s a major shift. For now, it’s a report.
BIf it happens, the next two years will be louder.
BAs if they were quiet before.