Sunday May 31, 2020

Vatican bank managers resign amid broadening financial scandal

The director and deputy director of the Vatican bank resigned yesterday as a series of investigations lead to a renewal of the Church’s financial structures.

2nd July, 2013
Pope Francis has focussed the spotlight on the Vatican bank to bring it in line with international standards.

The director and deputy director of the Vatican bank resigned yesterday as a series of investigations lead to a renewal of the Church’s financial structures.

Paolo Cipriani and his deputy Massimo Tulli stepped down “in the best interest of the institute and the Holy See,” the Vatican said in a statement late yesterday. Ernst von Freyberg, the bank’s president appointed last February, will take over as interim director general and a new position...

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