Yahoo! News: Religion News

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• Exclusive: Vatican Bank likely to close embassy accounts after Iran, Iraq red flags
• Cardinals to begin reform summit with pope
• Vatican: Benedict XVI may attend pope canonization

Exclusive: Vatican Bank likely to close embassy accounts after Iran, Iraq red flags Posted: 30 Sep 2013 09:02 AM PDT By Lisa Jucca and Philip Pullella VATICAN CITY (Reuters) - The Vatican bank is likely to close all accounts held by foreign embassies, following concerns about large cash deposits and withdrawals by the missions of Iran, Iraq and Indonesia, according to people with knowledge of the situation. The Vatican's financial watchdog, which examined the transactions in 2011, believed the embassies' justifications for the transactions were too vague or disproportionate to the amounts -- up to 500,000 euros at a time -- these people said. ...

Cardinals to begin reform summit with pope Posted: 30 Sep 2013 08:58 AM PDT By Philip Pullella VATICAN CITY (Reuters) - Eight cardinals will begin closed-door meetings with Pope Francis on Tuesday to help him reform the Vatican's troubled administration and map out possible changes in the worldwide Church. Francis, who has brought a new style of openness, simplicity and a conciliatory tone to the papacy, wants to consult more with Church officials around the world before making decisions affecting the life of the 1.2-billion-member Church. ...

Vatican: Benedict XVI may attend pope canonization Posted: 30 Sep 2013 06:41 AM PDT VATICAN CITY (AP) — Popes John Paul II and John XXIII will be declared saints on April 27 at a ceremony that might see two living popes honoring two dead ones.

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