Institute for Religious Works
Vatican bank reports significant profit adopting Catholic ethics
By Claire Giangravé — June 6, 2023
(RNS) — Once a symbol of financial malfeasance, the Vatican bank has successfully rebranded itself as a pillar of transparency at the Vatican.
Vatican bank displays financial decline, moral gains after papal reforms
By Claire Giangravé — June 8, 2022
(RNS) — Despite diminished profits, the Vatican bank appears ready to turn a new page in the wake of years of financial scandals.
Vatican’s first auditor-general resigns unexpectedly
By Reuters — June 21, 2017
VATICAN CITY (Reuters) No reason was given for the resignation of Libero Milone. But a Vatican source told Reuters, 'It's a pretty ugly situation and I hope it does not get worse.'
Vatican bank profits tumble as Pope Francis orders an overhaul
By Josephine McKenna — July 8, 2014
VATICAN CITY (RNS) The bank said the slump was due to extraordinary expenses, losses related to externally managed investment funds and fluctuations in the price of gold.
Pope Francis ends Italian control over Vatican’s financial watchdog
By Josephine McKenna — June 5, 2014
VATICAN CITY (RNS) The Vatican said the pope named four experts from Switzerland, Singapore, the United States and Italy to replace the all-Italian board of the Vatican's Financial Information Authority.
Former Vatican No. 2 Cardinal Tarcisio Bertone denies financial wrongdoing
By Josephine McKenna — May 21, 2014
VATICAN CITY (RNS) The Vatican's chief spokesman says there's no criminal investigation targeting former Secretary of State Tarcisio Bertone, but that doesn't mean an oversight panel isn't conducting its own examination.
Vatican’s financial watchdog reports ‘notable’ spike in shady transactions
By Josephine McKenna — May 19, 2014
VATICAN CITY (RNS) The numbers, while intriguing, are more notable for the fact that they are being released at all.
Pope approves reforms for scandal-plagued Vatican bank
By Josephine McKenna — April 7, 2014
VATICAN CITY (RNS) The pope’s statement ended months of speculation about the troubled bank’s future and endorsed a proposal developed by Cardinal George Pell, head of the Vatican’s new Secretariat for the Economy.
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