Pope Francis targets scandal-ridden Vatican bank

April 26, 2013 | Last updated on April 26, 2013
1 min read

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.

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