Vatican Bank needs more transparency, regulators say

(RNS) The scandal-plagued Vatican Bank still has a long way to go in order to comply with international standards for independent oversight and financial transparency, according to a status report from European officials released Wednesday (July 18). By David Gibson.

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The Vatican blames market decline for $20 million deficit

VATICAN CITY (RNS) The Vatican posted its highest loss in more than a decade last year, blaming mostly the “negative trend of global financial markets.” But the Vatican City State, which is run by a different administration, reported a sizable profit, thanks to the record numbers of the Vatican Museums. By Alessandro Speciale.

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Vatican bank touts transparency amid scandals

VATICAN CITY (RNS) As European financial regulators meet in Strasbourg, France, the Vatican is bracing for a decision that could determine the success of its years-long drive to adopt international financial transparency standards. By Alessandro Speciale.

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Separating fact from fiction in Vatican leaks case

VATICAN CITY (RNS) For the past four months, the Vatican has been in turmoil over the publication of several internal memos in the Italian press and in a bestselling book. The case led to the unprecedented arrest of the pope's butler, but is it possible to distinguish fact from fiction in this not-so-holy whodunit? By Alessandro Speciale.

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Director of Vatican Bank resigns under pressure

VATICAN CITY (RNS) The president of the Vatican Bank was forced to resign Thursday after a months-long dispute over implementing new financial transparency rules to bring the Vatican in line with other institutions. By Alessandro Speciale.

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