Pope approves reforms for scandal-plagued Vatican bank

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Pope Francis passes news photographers as he arrives to lead his general audience in St. Peter’s Square at the Vatican on Jan. 15, 2014. Photo by Paul Haring, courtesy of Catholic News Service

Pope Francis passes news photographers as he arrives to lead his general audience in St. Peter’s Square at the Vatican on Jan. 15, 2014. Photo by Paul Haring, courtesy of Catholic News Service

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VATICAN CITY (RNS) The pope’s statement ended months of speculation about the troubled bank’s future and endorsed a proposal developed by Cardinal George Pell, head of the Vatican’s new Secretariat for the Economy.