Pope John Paul II predecessor, then took the regnal name of "John Paul II", also in honour of the late Pope Paul VI, and the traditional white smoke informed the crowd gathered in St. Peter's Square that a pope had been chosen. There had been rumours that the new pope wished to be known as "Pope Stanislaus I" in honour of the Polish saint of the name, but was convinced by the cardinals that it was not a Roman name. When the new pontiff appeared on the balcony, he broke tradition by addressing the gathered crowd: Dear brothers and sisters, we are saddened at
Pope John Paul II was alleged to have links with Banco Ambrosiano, an Italian bank that collapsed in 1982. At the centre of the bank's failure was its chairman, Roberto Calvi, and his membership in the illegal Masonic Lodge Propaganda Due (aka P2). The Vatican Bank was Banco Ambrosiano's main shareholder, and the death of Pope John Paul I in 1978 is rumoured to be linked to the Ambrosiano scandal. Calvi, often referred to as "God's Banker", was also involved the Vatican Bank, Istituto per le Opere di Religione, in his dealings, and was close to Bishop Paul Marcinkus, the bank's chairman. Ambrosiano also