March 25, 2013
POPE Francis is to consider abolishing the Vatican Bank -
which has been beset by a scandal over allegations of money-laundering -
in a drive for greater transparency at the heart of the Catholic
Church.
Archbishop Claudio Maria Celli, who has been tipped as a
possible secretary of state, or "Vatican prime minister", said Francis
would weigh up appeals made by two cardinals on the eve of his election
for the bank - formally known as the Institute for Works of Religion
(IOR) - to be scrapped.http://www.theaustralian.com.au/news/world/pope-francis-considers-closing-scandal-riven-bank/story-e6frg6so-1226604559066