The History of the Vatican Bank

Ten people, including an Italian cardinal, will face a Vatican trial for alleged financial crimes. Cardinal Angelo Becciu has become the highest-ranked cleric in the Vatican to be indicted over charges that include embezzlement and abuse of office. The charges relate to a multi-million-dollar property purchase with church funds in London. Ines San Martin, Rome reporter for Crux, outlines the charges and what we know about the trial so far. This will mark the first time such a high-ranking Vatican official will face trial over financial crimes, but Gerald Posner, an investigative journalist and author of God's Bankers: A History of Money and Power at the Vatican, explains financial scandals themselves are nothing new for the Vatican Bank. And Massimo Faggioli, Vatican historian and Professor of Theology and Religious Studies at Villanova University, explains how this trial sits among Pope Francis' larger efforts for reform.

(Picture: Cardinal Giovanni Angelo Becciu and Pope Francis. Picture credit: Reuters.)