Pope cleans up Vatican bank by demoting four cardinals
Published 16/01/2014 | 02:30
POPE FRANCIS has shaken up the scandal-plagued Vatican bank, removing four of five cardinals from an oversight body in a break from the financial establishment he inherited from his predecessor.
The four cardinals were removed yesterday, just 11 months into their five-year terms as commissioners, which began under former Pope Benedict, who resigned last February.
It was his latest move to get to grips with an institution that has often been an embarrassment for the Holy See and which he has vowed to reform or close.
The new team includes two cardinals -- Toronto's Christopher Collins and Vienna's Christoph Schoenborn -- from relatively rich dioceses who have had extensive dealings with financial affairs.
The four who were not re-confirmed included the former secretary of state, Cardinal Tarcisio Bertone, and Cardinal Domenico Calcagno, head of another Vatican financial department.