Vatican Finances
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Vatican trial opens with financial scandal shaking papacy
VATICAN – A cardinal who allegedly incited an underling to lie to prosecutors. Brokers and lawyers who pulled a quick shot at Vatican # 2 to ... -
The Holy See’s finances in 2020 were not as bad as expected
The Holy See said its financial situation in 2020 was not as affected by the pandemic as previously feared. This is what emerges from its consolidation ... -
Roman Curia’s 2020 finances were better than expected – but not great
The consolidated financial statements of the Roman Curia for 2020 showed better than expected results even if the overall situation is still quite difficult, announced on ... -
Vatican details for the first time real estate holdings in the world | News | DW
For the first time in its history, the Vatican on Saturday released detailed disclosure forms showing that the Holy See owns more than 5,000 properties worldwide. ... -
Louisiana’s new law offers survivors of sexual abuse hope for healing and justice
Louisiana Governor Bel Edwards last month enacted House Bill 492 abolishing the statute of limitations for any survivor of abuse under the age of 28. People ... -
Chinese bishop arrested, priests not found two months later
Two months after Chinese police arrested a Vatican-approved bishop, 10 priests and an unknown number of seminarians for violating religious rules, their fate and location remain ... -
Vatican criminal trial to shed light on failed Carige bank takeover
ROME, July 19 (Reuters) – The foiled takeover of a struggling Italian bank in 2018 will be highlighted in an upcoming Vatican trial linked to Pope ... -
Neighbors are furious at ‘hellish noise’ in London apartment owned by Vatican
The purchase of the apartment and several other luxury properties in London in 2014 was overseen by Cardinal Giovanni Angelo Becciu, who this month became the ... -
Neighbors outraged over ‘hellish noise’ in London apartment owned by Vatican
A £ 30,000-a-week luxury apartment in central London owned by the Vatican has become the subject of complaints from local residents over what they claim to ... -
Vatican Economic Council meets in person to discuss investment policy | Catholic National Register
The coronavirus crisis has increased pressure on the already tight Vatican budget, the Vatican Museums, a major source of revenue, forced to close for more than ... -
Inside the Vatican’s surprising alliance with biotech venture capital
The pressure for universal injection of a biological agent still under probation is unprecedented. Equally noteworthy is the papal endorsement of vaccine policy and its network ... -
Vatileaks’ infamous femme fatale returns to the limelight for Becciu trial
ROME – What is arguably the most important Vatican trial to date began this week, featuring a cast of new and familiar characters indicted for a ... -
Multi-million dollar maze: Vatican trial to test financial reforms
A new multipurpose room in the Vatican Museums is pictured during the trial of two priests by the Vatican City State Court on June 7, 2021. ... -
The Pope appears in public for the first time since the operation
The European Commission adopted today (22 June) a positive assessment of Italy’s recovery and resilience plan. This is an important step towards the disbursement by the ... -
Can Pope Francis clean up the Vatican deed?
Oh dear. It was Jesus himself who advised: “No one can serve two masters. He will either hate one and love the other, or be devoted ... -
A cardinal stands trial
VATICAN SCANDALS are nothing if not colorful. The latest concerns allegations of extortion, a kidnapped nun and a security expert suspected of wasting prodigious sums of ... -
Second Catholic Climate Conference Seeks to Build More Momentum in the American Church | Earth beat
In June 2019, the Catholic Climate Covenant and Creighton University hosted the ‘Laudato Si’ and the US Catholic Church ‘conference in Omaha, Nebraska, the first of ... -
Vatican trial of Cardinal Becciu will test Pope’s financial reforms
Vatican City – The alleged mismanagement of millions of dollars in church funds will bring several prominent figures to a makeshift Vatican courtroom housed in a ... -
Vatican charges ten people, including former cardinal, in financial investigation
A Vatican tribunal has summoned 10 people to stand trial, including a cardinal, over controversial London real estate deal that has incurred a loss over $ ... -
What Did Senior Vatican Officials Know? Catholic National Register
VATICAN CITY – A major question about the upcoming Vatican trial over a real estate deal in London that resulted in massive losses for the Holy ... -
Who is running the Vatican while the Pope is hospitalized?
The Vatican has detailed laws, rituals, and roles to ensure the transfer of power when a pope dies or resigns. But none of them apply when ... -
Lessons from Pope Francis’ Financial Reform Efforts – Vatican
Cleaning up the Vatican‘s finances has been a long, complex and personally costly process for Pope Francis. Despite many obstacles, he persevered and that determination is ... -
Vatican financial crimes indictments a sign of progress
(RNS) – Catholic worshipers are rightly outraged by the news of financial crimes in the Vatican, especially as the latest alleged crimes involve Peter’s Pence, collecting ... -
Cardinal Parolin says he will testify if summoned to Vatican trial
Cardinal Pietro Parolin, the man Pope Francis chose in 2013 to be his secretary of state, has vowed to testify at the next Vatican meeting trial ... -
Vatican indictment lists embezzlement
ROME – A Vatican judge on Saturday indicted 10 people, including a once powerful Italian cardinal, with embezzlement, abuse of power, extortion and fraud over an ... -
Cardinal among 10 indicted by Vatican for financial crimes
The pope approved the decision against the cardinal, who claims to be innocent Former Vatican financial intelligence chief denies accusations Becciu, top Vatican official accused of ... -
Vatican charges 10 people, including cardinal, over international financial scandal
The investigation, which began in July 2019, was carried out by the Vatican in cooperation with Italian authorities and revealed “a vast network of links between ... -
National Catholic Reporter Board of Directors Withdraws from Fossil Fuels | Earth beat
The National Catholic Reporter Publishing Company has separated its multi-million dollar investment portfolio from financial holdings in the fossil fuel sector. The decision to step down ... -
We must show a united position – Catholic Outlook
Cardinal Seán Patrick O’Malley, OFM Cap., Is a very busy man. A few days before his 76e anniversary, one year after retirement age, he is still ... -
More than a paradise here | Stories | Notre-Dame Review
“This must be a scam!” I thought, looking at my screen in disbelief. Social media is generally not a place where Saints are created. My own ... -
A Sneak Peek at Buckingham Palace’s $ 500 Million Renovation | Lifestyles
Visitors have not been allowed into any royal residences for over a year, leaving a £ 9.4million ($ 13million) hole in the palace’s finances, royal statements ... -
Bishop Christopher Saunders’ future remains a mystery as Vatican investigations continue
The Vatican is continuing to investigate Broome Bishop Christopher Saunders, according to a church document obtained by the ABC. Key points: Church confirms Bishop Saunders did ... -
Your thoughts on Indigenous deaths, no excuses from Francis
On May 30, the Tk’emlúps te Secwépemc First Nation announced the discovery of 215 bodies buried at the site of the former Kamloops Indian Residential School ... -
Another Catholic priest arrested by the Burmese army
Father Aung Ling from the diocese of Hakha was arrested Wednesday in the town of Kanpetlet on suspicion of providing food to a civil resistance group. ... -
Trial of a Cardinal: George Pell’s Prison Diary
On June 29, 2017, the day he was indicted by Australian police with historic sexual abuse, Cardinal George Pell was the third most powerful Catholic cleric ... -
Myanmar Church calls for ‘humanitarian corridor’ to conflict areas
The United Nations warns that with thousands of displaced people deprived of food, water and medicine in Kayah state, massive deaths could result from starvation, disease ... -
The resignation of the German cardinal, refused by the pope, relaunches the reform of the church
VATICAN CITY (RNS) – Pope Francis rejected the resignation of German Cardinal Reinhard Marx on Thursday, June 10, but the news did little to calm the ... -
Hawaii Catholic Herald Wins 7 Catholic Media Awards For Work In 2020
The Hawaii Catholic Herald won seven awards from the Catholic Media Association this year for work done in 2020. The newly renamed AMC (formerly the Catholic ... -
Transat AT plans a gradual resumption of operations as of July 30
Transat AT Inc. is optimistic about the upcoming winter season as the tour operator and airline aim to become a leaner business with lower operating costs ... -
No matter how it’s framed, the Vatican reform bulletin is a mixed bag
ROME – Every child knows that bringing a report card to their parents is, to a large extent, a challenge to frame things their own way. ... -
Vatican gets mixed review for efforts to fight financial corruption
VATICAN CITY (RNS) – Moneyval, the Council of Europe’s anti-money laundering unit, released a long-awaited report on Wednesday, June 9, giving the Vatican and the Holy ... -
Facilitate lawsuits against top Vatican clerics, urges financial watchdog
New recruits from the Vatican‘s elite Swiss Guard march past the tower of the Institute for Works of Religion (IOR), the Vatican bank, during a swearing-in ... -
As COP26 approaches, here’s how you can align your faith with your finances
Whether a person has billions to invest, like the Vatican itself, whether they are responsible for the small budgets of the church, or looking after their ... -
United States recognizes Vatican finances and audit measures
Vatican City – The United States has added the Vatican City State to its list of countries that comply with international standards for verifying the identity ... -
United States approves Vatican financial and audit measures
The United States had added the Vatican City State to its list of countries that comply with international standards for verifying the identity of persons carrying ... -
“Dead end”: German cardinal Reinhard Marx proposes to resign for church abuse
BERLIN – A prominent German cardinal and confidant of Pope Francis, Cardinal Reinhard Marx, offered to step down on Friday due to the Catholic Church’s “catastrophic” ... -
German cardinal offers to resign over church abuse
BERLIN (AP) – A prominent German cardinal and confidant of Pope Francis, Cardinal Reinhard Marx, offered to step down as archbishop on Friday due to the ... -
“Impasse”: a German cardinal proposes to resign for abuse at the church
BERLIN – A prominent German cardinal and confidant of Pope Francis, Cardinal Reinhard Marx, offered to step down on Friday due to the Catholic Church’s “catastrophic” ... -
Pope Francis wants to reform the curia. Good luck with that. (Really)
(RNS) – A new papal document reforming the Curia – the Vatican bureaucracy, mostly made up of priests and bishops – will soon be released. I’m ... -
Pope Francis strengthens rules against sexual abuse in new version of Catholic law – 06/01/2021 – worldwide – KSU
The Vatican on Tuesday released (1) the most comprehensive review of Catholic Church laws in the past 40 years, strengthening rules against clerics who abuse minors ... -
IRS Acknowledges Vatican Steps To Prevent Fraud | Catholic National Register
The Vatican awaits the publication of the Moneyval report on its financial transparency and the efficiency of the Vatican judicial system. VATICAN CITY – The United ... -
Reforming the Vatican Curia: never easy and never finished
A new papal document reforming the Curia – the Vatican bureaucracy, mostly made up of priests and bishops – will soon be released. I’m sure Pope ... -
Never easy, and never finished
(RNS) – A new papal document reforming the Curia – the Vatican bureaucracy, mostly made up of priests and bishops – will soon be released. I’m ... -
Pope changes Church law to enshrine roles for women
Pope Francis leads the Angelus prayer on Epiphany, amid the outbreak of coronavirus disease (COVID-19), in the Vatican. [Reuters] Pope Francis, in another step towards greater ... -
Barcelona: parishes are considerably reduced
The Archdiocese of Barcelona, Spain, has just announced the closure of 160 parishes out of the 208 existing. The SARS-CoV-2 epidemic dealt a fatal blow to ... -
Pope Francis releases long-awaited reform of Vatican criminal law
VATICAN CITY (RNS) – In a long-awaited reform of the Catholic Church’s penal code, Pope Francis on Tuesday, June 1, handed down tougher sentences for crimes ... -
Mamaroneck historic church has first mass in 6 years after near closure
News 12 Employees May 30, 2021, 12:09 p.m. ET Updated:May 30, 2021, 4:46 p.m. EDT A historic church in Mamaroneck held its first mass in six ... -
Chinese authorities arrest bishop, priests and seminarians
The police took a prelate and clandestine collaborators to a hotel for “political sessions”. To Western ears, the Chinese city of Xinxiang could well be confused ... -
Northern Chinese authorities arrest underground bishop and priests
Hong Kong – Authorities in northern China have arrested a Vatican-appointed Catholic bishop, his seven priests and 10 seminarians in what is seen as part of ... -
Northern Chinese authorities arrest underground bishop and priests – Catholic Philly
By Catholic News Service • Posted on May 25, 2021 HONG KONG (CNS) – Authorities in northern China have arrested a Vatican-appointed Catholic bishop, his seven ... -
Pope Francis questions the ability of Vatican media to reach audiences | Pope Francis
Pope Francis challenged Vatican media workers to justify their continued work, asking how many people actually consume their information in a review of the office that ... -
Pope to Vatican media professionals: who reads your news?
ROME – Pope Francis challenged Vatican media workers on Monday to essentially justify their continued work, asking how many people actually consume their information in a ... -
Pope Francis asks the Vatican media department, his dearest office: who actually reads your news?
ROME (AP) – Pope Francis challenged Vatican media workers on Monday to essentially justify their continued work, asking how many people actually consume their information in ... -
What Cardinal Pell thinks about the Vatican financial scandal he suspected long ago
ROME (AP) – Cardinal George Pell takes advantage of his first Roman source since being exonerated of sexual abuse in his native Australia: he receives visitors ... -
Pope Francis calls out to Vatican journalists: who reads your information?
Pope Francis on Monday challenged inside Vatican journalists to essentially justify their continued work, asking how many people actually consume their information in a review of ... -
China arrests Vatican-approved bishop, priests, seminarians
Authorities in northern China have arrested a Vatican-appointed Catholic bishop, his seven priests and an unknown number of seminarians in what is seen as part of ... -
Cardinal Pell watches Vatican scandal
Cardinal George Pell is taking advantage of his first Roman source since being exonerated of sexual abuse charges in Australia. He receives visitors to his Vatican ... -
Cardinal Pell contemplates long-suspected Vatican scandal
ROME – Cardinal George Pell enjoys his first Roman spring since being cleared of charges of sexual abuse in his native Australia: he receives visitors in ... -
Vatican faces wage protest by employees
Vatican workers have complained to Pope Francis about work inequalities, low morale and wage cuts as the world’s smallest city-state is sucked into the global debate ... -
Modernizing Vatican finances is “huge task”, says member of the Economic Council – Eurasia Review
By Courtney Mares The Vatican Economic Council faces a “huge task” in its efforts to quickly bring the Holy See’s accounting and financial transparency to international ... -
Vatican official: Church divestment from fossil fuels a “moral imperative” | Earth beat
An official from the Vatican Dicastery for the Promotion of Integral Human Development urged Catholic institutions around the world to divest from fossil fuels, calling it ... -
Italian broker for Vatican property in London arrested in UK
Gianluigi Torzi, the Italian businessman who negotiated the final part of the Secretary of State’s purchase of an investment property in London, has been arrested in ... -
Pope Francis boosts financial reform | Catholic National Register
The numerous Financial Times reports on a shady Vatican land deal in London and the restrictions of the pandemic have combined to draw the Holy Father’s ... -
Can the Pope End Corruption?
I’m shocked. Corruption in the Vatican? The most opaque of institutions now heralds a new era of transparency. Watch out for bishops and cardinals. Your finances ... -
Pope’s prayer intention in May: “For the world of finance”
Pope Francis publishes prayer intention for May 2021 and calls on regulators to limit speculation in financial markets and protect ordinary people. By Devin Watkins “The ... -
Pell Prison Diaries Should Fascinate Friends and Foes Alike
Loading You don’t go to those prison journals for anecdote, though, of course, it’s fascinating – especially given anti-war stances – that this warrior-like Catholic conservative ... -
Who will Joe Biden send to Rome? 8 top contenders for U.S. Ambassador to the Vatican
As Joseph R. Biden Jr., the second Catholic president in U.S. history, continues to serve in his administration, a number of prominent executive and ambassadorial candidates ... -
Vatican Finances, what’s going on? Vatican City State Administration
The question of the purchase of the London apartment also brought to light situations that Cardinal Pietro Parolin described as “opaque”. The Financial Intelligence Authority subsequently ... -
Vatican Cardinal to Catholics: This year’s Good Friday collection is vital for Christians in the Holy Land
The letter was dated Good Friday 2021, which falls on April 2, and signed by Sandri and Bishop Giorgio Demetrio Gallaro, respectively prefect and secretary of ... -
The Color of Money: Can Pope Francis Reduce the Wealth of Cardinals?
Pope Francis caused a stir in the Vatican last month when he ordered cardinals and other top officials to take a pay cut. Even the Catholic ... -
Churches prepare to mark second Easter in pandemic
During the Easter season last year, the language of “social distancing” and “flattening the curve” was still new for Christian communities and clergy members as they ... -
St Peter’s Square empty, other lockdowns mark second Easter amid pandemic
For the Vatican, it was another empty Easter after Italy returned to lockdown amid rising coronavirus cases in Europe. It is now the second Holy Week ... -
Pope Francis celebrates Maundy Thursday mass with the cardinal he fired
Pope Francis is pictured in a Vatican file photo greeting Cardinal Angelo Becciu. (Photo: CNS / Vatican Media) By Elise Ann Allen ROME (Crux) – In ... -
Vatican lost over $ 100 million due to COVID-19 pandemic
St. Peter’s Square in Rome, Italy will be quiet for a second consecutive Easter as the Covid-19 pandemic continues to drive tourists away from Vatican City. ... -
British judge unblocks holdings of key figure in Vatican financial scandal
VATICAN CITY (RNS) – A British judge on Tuesday, March 23 overturned an earlier court ruling that froze the assets of Gianluigi Torzi, accused of defrauding ... -
Pope cuts wages for cardinals, clerics, nuns
VATICAN CITY (AP) – Trying to save jobs as the pandemic soars Vatican revenues, Pope Francis has ordered pay cuts for cardinals and other religious, as ... -
Pope Francis cuts cardinal wages as Vatican finances struggle due to pandemic
VATICAN CITY (RNS) – Pope Francis’ efforts to build a “poor church for the poor” came one step closer to becoming a reality on Wednesday, March ... -
Elton John denounces Vatican refusal to bless same-sex marriages
Elton John took hold of the Vatican and Pope Francis today after the Catholic Church announced it would not bless same-sex marriages because God “cannot bless ... -
Pandemic drains Vatican funds and hits reserves
VATICAN CITY, March 12 (Reuters) – The Holy See, the central administrative body of the global Catholic Church, may have to use € 40 million in ... -
Vatican plans to cut spending for 2021 without hurting jobs and mission
ROME – Income deficits and a current budget deficit demand increased efficiency, transparency and creativity while working to continue to fully carry out the mission of ... -
Vatican runs out of reserves to cover deficit, looking for donations
ROME (AP) – The Vatican on Friday warned that it had nearly exhausted its financial reserves thanks to past donations to cover budget deficits in recent ... -
Vatican projects nearly € 50m deficit due to COVID losses
Vatican says it expects a deficit of nearly $ 60.7 million this year due to losses from the pandemic, a figure that rises to $ 97 ...
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