Pope Francis Considers Closing Scandal-Riven Bank

The Australian
March 25, 2013

http://www.theaustralian.com.au/news/world/pope-francis-considers-closing-scandal-riven-bank/story-e6frg6so-1226604559066

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.