Automated teller machine

Vatican bank mired in money laundering scandal

Vatican bank mired in money laundering scandal

This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall. Nevertheless, the Institute for Religious Works is a bank, and it’s under harsh new scrutiny in a case involving money-laundering allegations that led police to seize euro23 million ($30 […]

The high cost of living without a bank

The high cost of living without a bank

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order. A dollar or more every time I swiped the prepaid cash card I bought at the drug store. In all, I racked up $93 in fees in a monthlong experiment of living without a bank and making […]