Vatican bank to publish annual report and launch website The initiatives are part of an attempt to clean up the image of the Institute for Works of Religion, as the bank is officially known, 30 years after "God's banker" Roberto Calvi was found hanged beneath Blackfriars Bridge in London. The bank has been mired in such trouble that there has been speculation in Rome that the new Pope, Francis, could order a radical overhaul or even shut it down altogether. Founded in 1942, it is overseen by a small group of cardinals who report directly to the Vatican secretary of state, the de facto prime minister of the tiny sovereign nation.