Two Vatican Bank Officials Resign Amid L

Days after t, the director of the Catholic institution, along with his deputy, resigned on Monday. It's all part of the infinite saga of corruption within the institution officially known as the Institute of Religious Works, thefinancial wing of the Vatican that . And the bank's new president, Ernst von Freyberg, to talk about reforming the institution. 

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Von Freyberg , as one of thebefore he left his post. He's a German lawyer and a member of the Knights of Malta, and Benedict tapped him for the job with the hope that he'd fix the institution's reputation. And while , it seems that the bank's president knows that those fixes will have to at least look drastic. on why the pair resigned, von Freyberg offered the looking forward take: "It is clear today that we need new leadership,"of the two resignations today. Or, at least a removal of leadership with baggage: the now former bank director Paolo Cipriani had been directly tied to the money laundering scandal that took down von Freyberg's predecessor as president, though neither were charged in the end. 

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Asreported earlier this year, the bank is nearly synonymous with corruption in Italy. One Italian judicial official described it to the paper as "an offshore bank in the heart of Rome." The bank doesn't allow accounts for Vatican outsiders, and it doesn't lend money. Instead, it holds about . 

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Pope Francis, who has moved pretty quickly on bank reform issues (indicating just how tenuous the situation is with the institution after the ), to oversee and glean information on the workings of the bank. 

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