(RNS) Monday’s announcement came less than a month after Pope Francis dismissed the five-man board of the financial watchdog in a controversial move that underscored his hard line on cleaning up Vatican finances.
Articles tagged “Vatican finances”
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.
(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.
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.