Paraguay's president impeached and removed after bank collapse

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Paraguay's president impeached and removed after Ueno Bank collapse

According to the New York Times, Paraguay's president was impeached and removed from office on Friday after a major bank with close ties to his administration failed. Earlier on Friday, impeachment proceedings against President Peña were reported to have resumed, as a digital bank's failure left about half the population without access to their accounts. Reports on Thursday had said Peña resigned following a lower house vote to pursue an impeachment trial.

• The New York Times reports the president was impeached and removed on Friday, and says millions lost access to their savings.
• Reports on Thursday said Santiago Peña had resigned after a lower house vote to pursue an impeachment trial.
• Ueno Bank was shut down overnight into Thursday amid a solvency crisis, and protests spread across the country.
• Al Jazeera reports the collapse affects savings held by about half of the population.