See on Scoop.it - La Gazzetta Di Lella - News From Italy - Italiaans Nieuws
Pontiff says bank will “continue to serve with prudence and provide specialised financial services to the Catholic Church worldwide”Pope Francis has given his backing to the Vatican’s scandal-plagued bank, ending speculation that he might shut it down as part of his drive to clean up the Vatican’s murky finances.The decision, announced yesterday, follows a breakneck transparency drive at the bank, known by its Italian initials IOR (Istituto per le Opere di Religione), which has been accused in the past of offering banking services to mob bosses and tax dodgers.
See on telegraph.co.uk
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