Vatican Revamps Its Bank's Ranks
Become a member: Subscribe
NTS Headlines
Headlines by Category
Headlines by Year
Solari’s Building Wealth materials are organized to inspire and support your personal strategic and financial planning.
Building Wealth
This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
Connect with the wider network of like-minded Solari subscribers using our in-house social media platform, Solari Connect.
No posts
Vatican Revamps Its Bank's Ranks
By Stacy Meichtry
The Holy See announced a sweeping overhaul of the Vatican bank’s management as part of Pope Benedict XVI’s push for greater transparency at one of the world’s most secretive financial institutions.
In a statement Wednesday, the Holy See said it had appointed Ettore Gotti Tedeschi, who headed an Italian unit of Banco Santander SA, as the new head of the Vatican bank, which is called the Istituto per le Opere di Religione, or IOR. The Holy See also replaced the IOR’s management board.
The appointment marks the end of Angelo Caloia’s two decades at the helm of the IOR — a run that made him one of the Vatican’s most powerful and deeply entrenched officials. Mr. Caloia, an Italian banker and economist, was the first noncleric to run the IOR. Mr. Caloia, through his secretary, declined to comment.
Continue reading Vatican Revamps Its Bank’s Ranks
