Vatican finances
Pope’s charitable fund still weighed by financial scandals, costs of Curia
By Claire Giangravé — June 16, 2022
(RNS) — Peter’s Pence, a fund dedicated to the pope’s charitable works, has been at the heart of a Vatican financial scandal.
Pope creates, staffs committee to guide future investments
By Nicole Winfield — June 7, 2022
VATICAN CITY (AP) — Pope Francis announced the first appointments Tuesday under his newly reformed Vatican bureaucracy, tapping a trusted cardinal and outside financial experts to serve on a new investment committee. Cardinal Kevin Farrell, who leads the Vatican’s laity office and is also the “camerlengo” who runs the Vatican in between pontificates, will head […]
Vatican knew about risks of London deal, says financier who brokered it
By Claire Giangravé — June 6, 2022
(RNS) — 'It’s like when you go buy cigarettes and the words ‘smoke kills’ is written over it,' Italian broker Raffaele Mincione told Vatican judges.
Vatican financial trial highlights intrigue and rivalries in the papal court
By Claire Giangravé — May 31, 2022
RNS — Former financial official at the Vatican’s Secretariat of State, Fabrizio Tirabassi, was critical of the interference of the Secretariat for the Economy into the finances of his office.
Vatican legal expert says the Vatican ‘is learning’ when it comes to penal trials
By Claire Giangravé — May 24, 2022
(RNS) — At the Vatican megatrial, Pope Francis' legal and financial reforms are in some sense in the dock.
Pope Francis and other prelates approved real estate deal, ex-Vatican official says
By Claire Giangravé — April 27, 2022
VATICAN CITY (RNS) — The former director of the Vatican’s anti-money laundering entity said Francis had voiced ‘the interest of the Holy See in turning a new page.’
Pope Francis reforms the Vatican Curia. Here’s hoping he’s not done.
By Thomas Reese — March 23, 2022
(RNS) — Reforming the Vatican bureaucracy should not be a rare, revolutionary event.
Four things to look for in Francis’ reform of curia
By Thomas Reese — February 9, 2022
(RNS) — As every CEO and government official knows, reforming bureaucracies is not easy.
Vatican braces for 2022 deficit as donations drop in wake of financial scandal
By Claire Giangravé — January 28, 2022
VATICAN CITY (RNS) — The Vatican has struggled to attract donations due to financial scandals that have led to a loss of credibility among faithful.
Defense in Vatican financial trial demands to see pope’s testimony
By Claire Giangravé — November 17, 2021
VATICAN CITY (RNS) — Lawyers defending those accused of defrauding the Vatican in a $400 million real estate investment allege that prosecutors’ use of the pontiff’s statements may have influenced another witness in the case.
Vatican financial reform efforts continue amid scandals and deficit
By Claire Giangravé — November 11, 2021
VATICAN CITY (RNS) — Despite substantial losses brought by the pandemic and financial scandals, Pope Francis charges ahead in Vatican financial reform.
Pope Francis receives death threat as he grapples with Vatican financial scandals
By Claire Giangravé — August 10, 2021
VATICAN CITY (RNS) — As more details on financial scandals rocking the Catholic Church leak out, Pope Francis received an ominous letter referring to Vatican financial operations.
Historic Vatican trial may change Catholic Church’s finances forever
By Claire Giangravé — July 26, 2021
VATICAN CITY (RNS) — A historic trial of 10 companies and individuals, including a cardinal, on charges including corruption and fraud may reconfigure everything about how the Vatican runs its finances.
Indictments for Vatican financial crimes a sign of progress
By Thomas Reese — July 6, 2021
(RNS) — Vatican financial scandals have repeatedly tarnished the image of the church. It is time for the Vatican to get its act together. Ironically, that will mean more bad news as crimes are uncovered and prosecuted.
Reforming the Vatican Curia: Never easy, and never over
By Thomas Reese — June 2, 2021
(RNS) — Francis’ heart is in the right place, but the forthcoming document on Curia reform will not likely do the job.
