Vatican Bank profit dives after Pope Francis's reforms

Business | 206688 hits | Jul 08 8:02 am | Posted by: DrCaleb

The Vatican bank on Tuesday reported a big drop in profits as Pope Francis presses reforms to make the scandal-tainted institution more transparent.

Comments

by GreenTiger
Tue Jul 08, 2014 3:39 pm
The last Pope who wanted to make big reforms was John Paul I, see how long he lasted.
by Unsound
Tue Jul 08, 2014 4:15 pm
I guess that proves the reforms were real.
by Freakinoldguy
Tue Jul 08, 2014 10:23 pm
FFS.

It appears that even having a religious appointment can't make a crooked banker anything other than....a crooked banker.

The income statement lists a loss of 14.4 million euros ($21 million) attributed to a `'donation" of securities to a Holy See foundation. It didn't elaborate, but news reports have said a top Vatican cardinal had transferred some 15 million euros to an Italian film company considered close to the Vatican and that the transaction was under investigation.

They're all the same be it at the Vatican or the Bank Of America.

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