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Catholic World News

Vatican denies reports of division over firing of bank president

June 04, 2012

Italian media outlets have reported that a commission of cardinals refused to give its approval to the dismissal of Ettore Gotti Tedeschi, the president of the Vatican bank. But the director of the Vatican press office has denied the reports.

Tedeschi was dismissed on May 24, when the board of directors of the Institute for Religious Works (IOR) unanimously passed a resolution of no confidence. The commission of cardinals that oversees Vatican financial affairs was due to meet on May 25 to discuss the move.

The commission has made no public statement, but Father Federico Lombardi, the Vatican spokesman, said the reports of a conflict were inaccurate. “It’s not true; there is no split,” he said.


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