Last year, he called on the Vatican to sack its financial chief, Cardinal George Pell, over his alleged involvement in covering up abuse more than a decade ago.
However, the issue may become even more problematic for the Vatican, as it was revealed Monday that detectives investigating sexual abuse allegations against the pope's top financial adviser, Cardinal George Pell, have sent their evidence to prosecutors for review.
The decision reflects the difficult financial situation the cardinal inherited.
Mr. Schwarzman happily gave financial advice for Cardinal Egan to take back to the archdiocese.
The sums were discovered by Francis's financial trouble-shooter, Cardinal George Pell, Prefect of the Secretariat for the Economy.
He then spent 14 years as a vice president and commercial loan officer at the Business Bank until retiring in 2014, when the bank merged with Cardinal Financial.
CARDINAL FINANCIAL CORP., Fairfax, Va., a regional bank holding company, signed a definitive agreement to buy Heritage Bancorp Inc., a rival bank holding company, for $13.8 million in cash and stock.
Danny Casey, a fellow-Australian and financial manager whom Cardinal Pell chose to handle the day-to-day operations of the secretariat, told me, "English is the international language of business, so we can hire people from all over the world".
The archdiocese has been studying the possibility of filing for bankruptcy for months, and The Boston Globe reported today that financial advisers to Cardinal Bernard F. Law unanimously supported the idea because it would be less expensive than continuing to battle the lawsuits in court.
The Securities and Exchange Commission has subpoenaed information about Cardinal's financial practices, including how it recognizes revenue, the company said in June.
