• 11 Jul 2013 at 4:45 PM

Vicar Of Christ On Earth Adds Banking To Résumé

This guy does everything.

Pope Francis made it clear on Thursday that he would personally oversee reform of the troubled Vatican bank by attending the first meeting of an investigative commission he set up last month to shed light on its murky financial dealings.

“Francis wanted to be present to encourage the work of the commission,” the Vatican newspaper Osservatore Romano said, adding that the meeting had taken place a day earlier….

The problems of the Institute for Works of Religion (IOR), as the bank is formally known, have multiplied even in the short time since the pope created the commission on June 26.

Two days after the investigative body was set up, a senior Catholic cleric with connections to the bank was arrested for plotting to help rich friends smuggle 20 million euros ($26 million) in cash into Italy from Switzerland.

A few days later, two of IOR’s top managers resigned amid a money laundering investigation.

Pope signals concern, oversees bank reform meeting [Reuters]

Comments (1)

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