Vatican bank
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.
Vatican says bureaucratic reforms won’t happen until 2015
By Josephine McKenna — April 29, 2014
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.
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.
Pope Francis overhauls Vatican finances, names Australian cardinal as comptroller
By David Gibson — February 24, 2014
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.
Pope Francis shakes up Vatican Bank, sets financial cap for sainthood
By Eric J. Lyman — January 15, 2014
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.
Is Pope Francis ignoring clergy sex abuse? Some are beginning to wonder
By David Gibson — December 4, 2013
(RNS) Pope Francis has captivated the public by embracing disfigured pilgrims at the Vatican, cold-calling the downtrodden and washing the feet of young people at a detention center, but he has yet to meet with abuse victims.
Vatican downplays mob threats against Pope Francis
By Eric J. Lyman — November 15, 2013
ROME (RNS) The Vatican's chief spokesman told reporters on Friday that the Vatican was “extremely calm” regarding a possible mob threat against Pope Francis.
Pope Francis cleans house at the Vatican Bank
By Alessandro Speciale — July 1, 2013
VATICAN CITY (RNS) Two top managers of the Vatican Bank resigned on Monday, just five days after Pope Francis appointed an independent commission to conduct a top-to-bottom review of the scandal-plagued bank.
ANALYSIS: Pope Francis confronts his first scandal in Vatican Bank mess
By Alessandro Speciale — June 28, 2013
VATICAN CITY (RNS) Pope Francis moved to act even before the new crisis at the Vatican Bank erupted -- signaling his resolve to tackle a persistent source of scandal that his predecessors were unwilling or unable to put down.
Pope creates commission to review scandal-plagued Vatican Bank
By Alessandro Speciale — June 26, 2013
(RNS) A new commission created by Pope Francis will have the power to access the bank's data and documents, trumping the secrecy that historically shrouded its operations.
Vatican Bank downplays scandals but promises reform
By Alessandro Speciale — May 31, 2013
VATICAN CITY (RNS) The head of the scandal-plagued Vatican Bank admitted that it must address its tarnished reputation, even among Catholics, even as he defended the institute’s recent efforts towards financial transparency.
Vatican signs financial transparency accord with U.S. officials
By Alessandro Speciale — May 7, 2013
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.
