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Another day, another major bank fails in South America! Who couldn’t see this this coming? Paraguay's Ueno Bank collapsed, locking out nearly 3 million customers as lawmakers move to impeach President Peña! The Central Bank of Paraguay shut down Ueno Bank on November 3 after its solvency ratio fell below half the legal minimum. The bank's roughly 2.9 million customers, in a country of about 6.1 million, lost access to their accounts. About $380 million in public pension investments is also awaiting recovery. Depositors lined up outside branches and protested in Asunción (capital), with reports of scuffles with police and tear gas. Others began a vigil outside Congress, demanding their money back and the president's impeachment. Central bank president Carlos Carvallo, who chaired Ueno's predecessor from 2021 to 2023, has resigned. Eight bank executives have been detained, including founder Federico Vázquez, and prosecutors have charged 27 people. Does anybody ever go to jail from actual bank robberies? On Wednesday, opposition and dissident ruling party deputies filed impeachment charges against President Santiago Peña and Vice President Pedro Alliana. Peña held shares in Ueno Holding until April 2025, but denies ever having a stake in the bank itself. The impeachment needs 53 of 80 votes in the lower house to reach the Senate. Where does Paraguay stand on Israel? Paraguay president Santiago Peña (a Catholic), is known for his strong support of Israel and the Jewish people, which has earned him significant recognition from Jewish organizations. He fulfilled a campaign promise to move Paraguay’s embassy in Israel from Tel Aviv back to Jerusalem in December 2024, calling it a "moral obligation." In April 2025, Peña received the AJC Gesher Award from the American Jewish Committee for advancing Jewish-Latino and Paraguay-Israel relations. And now he’s getting impeached!