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Restructuring Scandal-Hit Vatican Bank

Child abuse allegations have rocked the Catholic Church in recent years. And the Vatican bank—which handles church funds—is also being cleaned-up. The accounts of more than 2,000 clients have been blocked and 3,000 "customer relationships" ended. The clean-up has almost wiped out profit at the bank—officially known as the Institute for Works of Religion. In 2012 it made almost 87 million euros, last year the figure was less than 3 million.

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