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.
Articles tagged “Vatican bank”
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.
(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.
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.
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) 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.
(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 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) 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.