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  Vatican Bank Has New Chairman

San Francisco Chronicle
September 23, 2009

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/23/international/i065420D81.DTL

VATICAN CITY — The Vatican has named an Italian economist as the chairman of its bank.

The Vatican said Wednesday that Ettore Gotti Tedeschi replaces Angelo Caloia at the helm of the bank, formally known as the Institute for the Works of Religion.

The statement said Caloia and the bank's other board members had resigned. The Vatican did not give a reason.

Gotti Tedeschi served as the head of the Italian operations of Spain's Banco Santander. In the book "Money and Heaven", he explored capitalism and Catholic values.

The Vatican bank was famously implicated in a scandal over the collapse of the Banco Ambrosiano in the 1980s. Roberto Calvi, the head of the Banco Ambrosiano, was found hanging from Blackfriars Bridge in London in 1982. The circumstances remain

 
 

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