VATICAN CITY
Deutsche Welle
The head of the Vatican bank has been forced to resign his post when the board passed a unanimous no-confidence vote against him. Ettore Gotti Tedeschi was accused of letting standards slip too far.
Tedeschi was ousted on Thursday evening after the vote by bank overseers at the Vatican, which blamed him for a deterioration in standards of governance.
The Vatican said in a statement that Gotti Tedeschi had failed to carry out “various fundamentally important functions of his office.”
Among other things, Gotti Tedeschi was blamed for failing to keep the board sufficiently informed about the bank, known also as the Institute for Religious Works.
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