Italian cardinal named president of Vatican bank oversight commission — By: Catholic News Agency
Cardinal Giuseppe Petrocchi, the retired archbishop of L’Aquila, Italy, has been appointed president of the Cardinalitial Commission of the Institute for the Works of Religion (IOR), commonly known as the Vatican bank. Petrocchi succeeds Cardinal Christoph Schönborn, the retired archbishop of Vienna, who has led the commission since 2014 and is stepping down after reaching…
