st. peter's square

Vatican signs financial transparency accord with U.S. officials

VATICAN CITY (RNS) In a bid to improve its checkered record on financial transparency, the Vatican on Tuesday (May 7) signed a cooperation agreement with the U.S. agency that fights against financial crimes. The Vatican Bank has a long history of secrecy and scandals, and it has reportedly been involved in several shady operations during the course of its history.

Religion News Service illustration by Bill Kennedy/The Plain Dealer of Cleveland.

Vatican Bank needs more transparency, regulators say

(RNS) The scandal-plagued Vatican Bank still has a long way to go in order to comply with international standards for independent oversight and financial transparency, according to a status report from European officials released Wednesday (July 18). By David Gibson.

RNS photo by Paul Haring/Catholic News Service

The Vatican blames market decline for $20 million deficit

VATICAN CITY (RNS) The Vatican posted its highest loss in more than a decade last year, blaming mostly the “negative trend of global financial markets.” But the Vatican City State, which is run by a different administration, reported a sizable profit, thanks to the record numbers of the Vatican Museums. By Alessandro Speciale.

RNS photo by Paul Haring/Catholic News Service

Separating fact from fiction in Vatican leaks case

VATICAN CITY (RNS) For the past four months, the Vatican has been in turmoil over the publication of several internal memos in the Italian press and in a bestselling book. The case led to the unprecedented arrest of the pope's butler, but is it possible to distinguish fact from fiction in this not-so-holy whodunit? By Alessandro Speciale.