Pope May Radically Shake Up Vatican Bank
Francis may even close scandal-plagued institution
By Kevin Spak, Newser User
Posted Apr 2, 2013 3:20 PM CDT
A nun walks under the Bernini colonnade in St. Peter's Square at the Vatican, Friday, Feb. 15, 2013.   (AP Photo/Alessandra Tarantino)

(Newser) – Pope Francis intends to take a critical look at the scandal-plagued Vatican Bank, with an eye toward restructuring it or even closing it entirely, Vatican sources tell Reuters. While the changes will likely be a while in coming—the pope's first order of business will be shaking up the Secretariat of State, which was at the center of the Vatileaks affair, including the likely firing of its head—it will be one of the key issues of Francis' papacy, a senior official said, and "certainly if the pope wants to, he can close" it.

"It will take time," another senior official said. He predicted a "serious restructuring" rather than closure. "But I would not exclude anything, including closing it down the line. Francis is doing surprising things every day."

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Apr 3, 2013 2:48 PM CDT
I am amazed at how many people jump on the soap box and make statements about things they know little or nothing about. The Italian Mafia runs the Vatican Bank? Really did you come up with this all by yourself? Pope Benedict resigned because of poor health. The man is nearly deaf blind in his left eye and has a number of other health issues. It had zero to do with blackmail or any scandals in the church. Pope Francis is the same way he was before he became Pope a humble caring man. He is going to try to repair a number of problems in the church and is not in any danger from the Mafia. Read Pope Francis by Matthew E. Bunson. You will learn a far greater appreciation for who this man is. http://www.lybrary.com/pope-francis-p-273770.html?manufacturers_id=191761
Apr 3, 2013 7:17 AM CDT
The new Pope better start using that armored vehicle and stop going into public unprotected because the Italian Mafia runs the Vatican Bank, and I'm pretty sure that they wouldn't like their bank being closed.
Apr 2, 2013 9:46 PM CDT
This and many other clean-ups is why Bennie quit: to make room for someone who couldn't be blackmailed. Lots of skeletons in ol' Bennie's closet.