Receive Breaking News updates as they occur
Time gave that honor to Pope John Paul II in 1994 and to Pope John XXIII in 1963. Pope Francis beat out former U.S. National Security Agency contractor Edward Snowden and gay rights activist Edith Windsor for the award. "In a matter of months, Francis has elevated the healing mission of the church — the church as servant and comforter of hurting people in an often harsh world — above the doctrinal police work so important to his recent predecessors." Vatican spokesman Father Federico Lombardi said Pope Francis was not seeking fame.
British regulators have fined state-rescued Lloyds Banking Group a record £28 million after finding staff were at risk of selling unsuitable products amid the lure of bonuses, they announced on Wednesday. The Financial Conduct Authority (FCA) said the fine, equivalent to $46 million or 33.5 million euros, was the biggest ever imposed by the newly created regulator, or by its predecessor, for "retail conduct failings". The failings affected branches of Lloyds TSB, Bank of Scotland and Halifax -- all of which are part of Lloyds Banking Group -- the lender that is 33-percent owned by the taxpayer after a government bailout. The FCA said the lenders had agreed to "carry out a review of higher risk advisers' sales and pay redress where unsuitable sales took place".