piggy-bank-on-target

Over the past few years, banks all over the globe have made headlines due to scandals, fraud and fines.

And now, the Vatican's bank is in the hot seat. Reuters reports newly elected Pope Francis may be looking at restructuring the institution as part of a broad administration review.

Prior to his appointment, Reuters adds, many cardinals were concerned the Vatican's reputation was being harmed by three decades of bank scandals and possible money laundering. Read more.

Also check out:

Twitter abuzz with Pope opera

Canadian banks need reforms to stay strong: PwC

Tougher money laundering rules intimidate banks

Investors wary of scandal

Industry needs to win back investors

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca