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July 9, 2014

Vatican names new bank president, restructures financial offices

Jean-Baptise de Franssu, the new president of the Vatican bank, and outgoing president Ernst Von Freyberg pose during a news conference at the Vatican July 9.

VATICAN CITY - As the restructuring of Vatican financial institutions moves into high gear, "our ambition is to become something of a model of financial management rather than a cause for occasional scandal," said Cardinal George Pell, prefect of the Vatican Secretariat for the Economy.

Published in Vatican