(President of the Vatican bank IOR Ettore Gotti Tedeschi speaks during the presentation of his new book "The Economic Reasons" in downtown Rome February 22, 2012. REUTERS/Alessandro Bianchi )

For a financial institution whose ATMs offer Latin as a language option, whose offices are below the pope’s windows and where tellers work under the gaze of crucifixes, one might assume the Vatican bank would have a dispensation from earthly travails.

But new judicial woes and internal upheavals at the bank, officially known as the Institute for Works of Religion (IOR), have raised new hurdles for the Vatican, just as it entered the final stretch of years of efforts to join the international club of financial righteousness.

On May 24, in the type of corporate drama rarely seen in the Vatican, Ettore Gotti Tedeschi, 67, the Italian president of the IOR, stormed out of the bank’s executive offices.

He had spoken for 70 minutes non-stop in the boardroom to defend his management but left in a huff when it became clear that the other four board members were intent on approving a no-confidence motion against him.