The Americas

How a bank collapse left millions in limbo and toppled Paraguay's president November 9, 20261:20 AM ET

By 

Charles Parkinson

Protesters hold signs outside Congress in Asunción, Paraguay, on Friday, Nov. 6, 2026. The Senate impeached and removed President Santiago Peña over allegations linked to the collapse of Ueno Bank. Vice President Pedro Alliana was sworn in as his successor. Jorge Saenz/AP hide caption

Jorge Saenz/AP

ASUNCIÓN, Paraguay — When Ueno Bank's services abruptly stopped working in the early hours of Tuesday morning, the consequences were immediate for the millions of Paraguayans who had come to depend on it for everyday transactions.