Vatican Bank President Ousted by Board-source

Reuters
May 24, 2012

http://www.reuters.com/article/2012/05/24/vatican-bank-idUSL5E8GOFRD20120524

May 24 (Reuters) - Ettore Gotti Tedeschi, the Italian president of the Vatican bank, has been ousted by the banks board of directors after a no-confidence vote, a senior Vatican source told Reuters on Thursday.

The source, who spoke on condition of anonymity, gave no details of the reasons for the no-confidence vote in Gotti Tedeschi.

Vatican spokesman Father Federico Lombardi said he could not confirm the resignation but that the Vatican would soon issue a statement about the bank.