Vatican names German lawyer as head of its bank

VATICAN CITY - The Vatican appointed German lawyer Ernst von Freyberg to be the new president of its bank on Friday, filling a post left vacant since May when the previous head was ousted by its board.
The Vatican has been trying to shed a reputation for a lack of financial transparency at its bank, officially known as the Institute for Works of Religion (IOR), but has been dogged by scandals.
A Vatican statement said Freyberg brought "a vast experience of financial matters and the financial regulatory process."