• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2024 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 8, 2025

    Featured image for article about Headlines

    By Joshua McElwee

    VATICAN CITY (Reuters) - From his first moments on the balcony of St. Peter's Basilica, Pope Leo XIV gave three important clues about what kind of leader of the 1.4-billion-member Catholic Church he will be.

    Leo, formerly U.S. Cardinal Robert Prevost, was elected by the world's cardinals on Thursday as the new pope on the second day of the conclave to choose a successor to Pope Francis, who died last month.

    He is the first pope from the United States, but holds dual citizenship in Peru, where he was a missionary for decades before becoming a cardinal.

    Leo's first clue was his choice of name. Popes often use this choice to send their first major signal about the priorities of their new papacy.

    Francis took his name from the 13th century St. Francis of Assisi, who rejected wealth and wanted to care for the poor.

    The last pope to take the name Leo, Leo XIII, focused much of his 1878-1903 papacy on advocating for the rights of workers, calling for fair pay, fair working conditions, and the right to join unions.

    "By picking the name Leo XIV, he shows he is committed to the social teaching of the church," said Rev. Thomas Reese, a Jesuit commentator who follows the papacy closely.

    Leo's second clue was his choice of language and the words he spoke, which put a clear emphasis on the need for peace, something Francis also often focused on.

    None of his speech to the crowds gathered in St. Peter's Square was in English, but rather Italian, the language of the papacy, and a brief foray into Spanish to greet his former community in Peru. He did not mention the U.S.

    "La pace sia con tutti voi!" (Peace be with you!), Leo's first words in public, echoed the ones Catholics use in their celebrations but also offered an immediate message of peace in a world riven with conflict.

    Before heading into the secret conclave on May 7, the world's cardinals issued a statement lamenting the conflicts "in Ukraine, the Middle East, and many other parts of the world" and making a "heartfelt appeal" for peace.

    The new pope said he wanted to share God's peace, calling it "a disarmed peace and a disarming peace" that is "humble and persevering."

    Leo also mentioned Francis, who offered his last blessing to crowds in Rome on Easter Sunday, the day before he died of a stroke after battling double pneumonia for weeks.

    "We still have in our ears that weak, but always courageous voice of Pope Francis," he said.

    Leo asked permission to offer the same blessing Francis used just a few weeks ago, saying: "God loves us, God loves everyone, and evil will not prevail. We are in the hands of God."

    Leo's third clue was in his choice of attire.

    Unlike Francis, who spurned all the trappings of the papacy including on the first day he was elected in 2013, Leo wore a traditional red papal garment over his white cassock.

    Although Leo follows in the tradition of Francis, he signalled he is a new, and different, pope.

    (Reporting by Joshua McElwee; Editing by Frances Kerry)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe