(RNS) — The problem facing the pope's new head of Vatican finances is not only the church's history of mismanagement and corruption, but a lack of transparency and clear lines of authority.
VATICAN CITY (RNS) — Last week, the Vatican released a mysterious statement acknowledging a raid by Vatican police on the offices of its Secretariat of State and of its financial watchdog agency, saying it was carried out by judicial order by the Vatican tribunal and with permission from unspecified 'superiors.'
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.'
But the monsignor, who had close connections to the Vatican's scandal-plagued bank, is still faces charges of money laundering.
VATICAN CITY (Reuters) The internal investigation is part of a drive by Pope Francis to give Vatican financial authorities free rein to dig deep, overruling some cardinals who would prefer to forget the past.
VATICAN CITY (RNS) The United States on Wednesday (June 10) signed an agreement with the Vatican to trace American taxpayers hiding assets within the walls of the city-state, the latest step in the Holy See’s push for greater financial transparency.
VATICAN CITY (RNS) “There are many challenges and much work ahead,” Australian Cardinal George Pell said. “The Holy Father has made it clear these changes should move forward expeditiously.”
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.
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.
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 CITY (RNS) The numbers, while intriguing, are more notable for the fact that they are being released at all.
VATICAN CITY (RNS) "There is much work ahead, so we can expect it to be done not this year but the next," said the Vatican's chief spokesman, the Rev. Federico Lombardi.
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.
VATICAN CITY (RNS) The leader of the new Secretariat for the Economy will have sweeping new powers, the most concrete step Pope Francis has taken to try to reform the church's scandal-plagued finances.
ROME (RNS) The most high-profile figure sacked on Wednesday was Cardinal Tarcisio Bertone, who was Pope Benedict XVI's secretary of state and the face of administrative woes of Benedict's papacy.