Tag Archives : little-regulated Vatican bank

A Major Management Overhaul of the Vatican’s Secretive Bank

A Major Management Overhaul of the Vatican’s Secretive Bank

As part of Pope Benedict XVI’s campaign for transparency, the secretive Vatican bank gets an overhaul with Italian economist Ettori Tedeschi being appointed the new chief executive, replacing a predecessor that was in position for 20 years. The bank’s supervisory board has also been revamped. The venerable head of the Catholic Church has [...]