Pope Revamps the Scandal-Wracked Vatican Bank

Pope Francis has brought in outsiders to clean up the Vatican’s finances—risking a confrontation with the powerful Curia that governs the Catholic Church.

Pope Francis listens attentively at the front of the packed lecture hall, a one-man island of white amid a sea of cardinals in black cassocks and scarlet zucchettos, or skullcaps. The pope and these “princes” of the Roman Catholic Church have gathered in Vatican City’s Synod Hall, a modern glass and steel building steps from the Renaissance-era St. Peter’s Basilica, to get an update on the financial health of the Holy See.

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