Paraguay's President Placed Under House Arrest After Bank Collapse
Santiago Peña, Paraguay's president, has been removed from office and placed under house arrest on misconduct charges. The move follows the collapse of Ueno Bank, which reportedly affects nearly half the country's population. Vice President Pedro Alliana has been sworn in as the new president.
Context
Context: In Paraguay, the vice president takes over if the president leaves office. Ueno Bank's collapse puts savers' money at risk, and the case adds to wider debates about how banks in the region are supervised.
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