The Vatican has long been the seat of strange financial machinations, and they are at it again:
A senior Italian cleric has been arrested in connection with an inquiry into a Vatican bank scandal over allegations of corruption and fraud ... Monsignor Nunzio Scarano suspected of trying to move 20m euros illegally.In the immortal words of Father Ted: that money was just resting in my account...
And now the CoE has a CEO who is very interested in finance, too. He sat on the Parliamentary Banking Standards Commission; has delivered himself of views on the need for regional banking in England; been interviewed on TV about the morals of bank executives; and this week
Church of England bids for RBS branches: the Church Commissioners, which manages a £5.5bn investment portfolio, has joined a consortium to buy the branches.Hmm. Render unto Caesar, etc etc. Perhaps we really will get Welby to do us a guest-post.