VATICAN CITY
Trust Law

Tue, 2 Apr 2013

By Philip Pullella

VATICAN CITY, April 2 (Reuters) – Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican’s scandal-ridden bank as part of a broad review of its troubled bureaucracy, Vatican sources say.

Francis, who inherited a Church mired in scandals over priests’ sexual abuse of children and the leak of confidential documents alleging corruption and infighting in the Vatican’s central administration, is mulling his options as he sets the tone for a reformed and humbler Holy See.

One of the tests of his papacy will be what he does about the bank which has regularly damaged the Vatican’s image over three decades and faces growing calls for reform.

Last year a European anti-money laundering body found that the bank – formally called the Institute…