Paraguay: President Santiago Pena under house arrest over bank crisis

AI Summary

Paraguay's Senate has ousted President Santiago Peña amid the collapse of a major bank linked to his government, and he is reportedly under house arrest. Millions of customer accounts are frozen, along with public pension and healthcare funds, raising major political and financial concerns.

Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.