Vatican Bank Reports $44 Million Profit in Pandemic Year
Writing in the annual report, Cardinal Santos Abril y Castelló recalled that the institute published its internal regulations for the first time in its history in 2020.
Results from Tag: 'vatican bank'
Ex-Vatican Bank President Given 9-Year Prison Sentence for Money-Laundering
Angelo Caloia, 81, was president of the Institute for Religious Works, also known by its Italian initials, IOR, from 1989 to 2009.
Vatican Bank Reports €38 Million Profit in 2019
Earlier this year, a Maltese court authorized the seizure of IOR assets after a years-long court battle with investment managers over millions of euros which the Vatican bank agreed to invest with the firms, before withdrawing from the deal.
Malta Court Authorizes Seizure of €29 Million in Vatican Bank Assets
At issue is a 2013 investment plan involving the purchase of a property in Hungary – the Budapest Exchange Palace – for development and resale.
London to Malta via Rome: Following the Money in Vatican Financial Scandals
Msgr. Perlasca is now the fifth official or former official at the Secretariat of State to be targeted by Vatican investigators.
McCarrick: Foundation ‘Irresponsible’ to Question Controversial Vatican Grant
The disgraced former cardinal intervened in 2017 to pressure members of the U.S. Papal Foundation to support a controversial grant request.
Holy See Sources: Cardinal Pell Objected to Vatican Hospital Loan
Loan request was vetoed by Cardinal George Pell and financial authorities at the Vatican Bank before it was approved by the Holy See’s central bank.
Vatican Bank Lands in Regulatory Hot Seat
Sources say a controversial U.S. grant was requested in order to balance the central bank's books after the hospital was unable to repay the money.
Vatican Raid on Secretariat of State a Portent of Things to Come?
ANALYSIS: Sources tell the Register that this week’s investigative actions are primarily targeted at Vatican officials who are no longer working at the secretariat.
Pope Francis and Reform: Financial Problems Persist
NEWS ANALYSIS: Part 2 of a Register assessment of the Pope’s efforts to reform the Vatican over the last five years.
