Paraguay Ueno Bank collapse and presidential impeachment

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1. Nov 7 · Afternoon 5/10 no change

   Judge orders Paraguay's former president Peña held before trial

   What changed A judge ordered former President Santiago Peña held before trial, Reuters reported. Prosecutors charged him with offences including breach of trust and using his office to enrich himself, according to the New York Times and PBS, and ordered the arrest of Peña and former Central Bank chief Carlos Carvallo. Peña appeared before prosecutors; France 24 reported he denies wrongdoing.

   Impact The collapse of Ueno Bank left nearly three million customers unable to access their savings, according to France 24. Alliana has pledged to compensate those affected.

   Details and sources

   Context Peña was impeached and removed by the Senate on Friday over the collapse of Ueno Bank and placed under house arrest, and Vice President Pedro Alliana was sworn in as president.

   Confirmed 12 outlets 12 news organizations reported this. Confirmed means 2 or more did. Outlets that republish wire copy (AP, Reuters) can't always be told apart, so this is the most independent confirmation there could be, not a guarantee.

   • ScaleScale 1 Scale 1/2 · National How widely it reaches. 0 Local · 1 National · 2 Multinational or global.
   • HumanHuman 1 Human 1/2 · Disruption: displacement, outages, restrictions Human impact. 0 None · 1 Disruption: displacement, outages, restrictions · 2 Lives lost or directly at risk.
   • EconEcon 1 Econ 1/2 · A sector or a national economy Economic impact. 0 Negligible · 1 A sector or a national economy · 2 Global markets or supply chains.
   • EscalationEsc 1 Escalation 1/2 · Could spread or worsen Potential to grow. 0 Contained · 1 Could spread or worsen · 2 Actively escalating.
   • ReversibilityRev 1 Reversibility 1/2 · Lasting How lasting the effects are. 0 Easily reversed · 1 Lasting · 2 Permanent or structural.

   Sources France 24 · PBS NewsHour · AP · Al Jazeera +1 · BBC · New York Times · Reuters

   ▶ Listen #3 in that edition
2. Nov 6 · Morning 5/10 FIRST REPORT

   Paraguay's Congress impeaches President Peña, who is placed under house arrest

   What changed Paraguay's Senate voted on Friday to remove President Santiago Peña from office over the collapse of Ueno Bank. He was placed under house arrest on suspicion of breach of trust, and Vice President Pedro Alliana was sworn in as president. Peña had offered to resign on Thursday, but Congress put the resignation on hold and continued impeachment proceedings.

   Impact Millions of Paraguayans have had limited access to savings; the Guardian reported about 60% of the population could not access accounts, while Euronews reported nearly half. Thousands have protested in recent days.

   Details and sources

   Context Ueno Bank, a lender that expanded rapidly under Peña's government, was suspended this week after irregularities, leaving millions of customers without access to their accounts.

   Confirmed 12 outlets · 13 articles 12 news organizations reported this. Confirmed means 2 or more did. Outlets that republish wire copy (AP, Reuters) can't always be told apart, so this is the most independent confirmation there could be, not a guarantee.

   • ScaleScale 1 Scale 1/2 · National How widely it reaches. 0 Local · 1 National · 2 Multinational or global.
   • HumanHuman 1 Human 1/2 · Disruption: displacement, outages, restrictions Human impact. 0 None · 1 Disruption: displacement, outages, restrictions · 2 Lives lost or directly at risk.
   • EconEcon 1 Econ 1/2 · A sector or a national economy Economic impact. 0 Negligible · 1 A sector or a national economy · 2 Global markets or supply chains.
   • EscalationEsc 1 Escalation 1/2 · Could spread or worsen Potential to grow. 0 Contained · 1 Could spread or worsen · 2 Actively escalating.
   • ReversibilityRev 1 Reversibility 1/2 · Lasting How lasting the effects are. 0 Easily reversed · 1 Lasting · 2 Permanent or structural.

   Sources Euronews · France 24 · Reuters +2 · The Hindu · South China Morning Post · Al Jazeera · Japan Times · New York Times · The Guardian · AP · BBC

   ▶ Listen #6 in that edition