Vatican Restructures Scandal-Hit Bank, French Financier Is New Head - Presented by: The Aol. On Network

The Vatican on Wednesday said it would separate its bank's investment business from its Church payments work to try to clean up after years of scandal, and vowed to become a "model of financial transparency". Australian Cardinal George Pell, head of the Vatican's recently formed Secretariat for the Economy, told a news conference that the move was necessary in order for his department to "exercise its responsibilities of economic control and vigilance" over all Vatican departments.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
BAC $ 16.735 0.19 ▲ 1.12%
VALE $ 6.725 0.44 ▲ 6.92%
INTC $ 33.34 0.57 ▼ 1.67%
AAPL $ 130.48 0.06 ▼ 0.04%
F $ 15.285 0.08 ▼ 0.49%
PBR $ 8.815 0.45 ▲ 5.32%
FTR $ 5.199 0.12 ▲ 2.34%
GRPN $ 6.065 0.22 ▼ 3.42%

As of 6/2/2015, 01:46 PM