Paraguay: removed President Santiago Peña under house arrest

Paraguay's President Santiago Peña has been removed from office and placed under house arrest following a bank collapse.

All 44 senators who took part in the vote backed his removal; he is the second president removed through impeachment since the end of Alfredo Stroessner's 35-year dictatorship in 1989.

Regulators' seizure of Ueno Bank three days earlier sent shockwaves through the country's financial system and produced the worst political crisis of the decade.

When the verdict was announced, crowds gathered outside Congress chanted "no more dictatorship."