Vatican Bank lacks transparency

Bloomberg News reports: "The Vatican has yet to formally commit to financial transparency, the Organization for Economic Cooperation and Development said one week after Italian magistrates opened a probe into its bank for alleged violations of money-laundering laws."

Earlier stories from NCR and CNS are here:

• New Vatican Bank scandal threatens to erupt
• Vatican Bank transactions subject of Italian probe
• Vatican Bank president 'humiliated' by probe
• Vatican bank head in money-laundering probe