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.
Articles tagged “Ernst von Freyberg”
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.
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 CITY (RNS) Less than two weeks before he retires, Pope Benedict XVI on Friday (Feb. 15) approved the appointment of a German lawyer and financier as the new head of the scandal-plagued Vatican Bank.