- Jan 17, 2020
On Saturday the Vatican issued new statutes for the so-called “Vatican bank,” better defining the roles of the body’s Council of Cardinals and the Supervisory Board, which has long been a point of contention.
Not quite ‘mission accomplished,’ for the head of the Vatican’s financial watchdog, but we’re on the right path.
In two wide-ranging interviews, the former president of the Vatican bank said that since he began working there he encountered “spite, traps, threats and intimidations.”
The Vatican announced Friday it’s joining the Single Euro Payments Area, which allows European consumers, businesses and governments to make financial transactions within Europe as easily as domestic payments.
The Institute for the Works of Religion, commonly known as the Vatican bank, seeks to follow Catholic ethical practices in investments, according to its latest annual report.
Vatican prosecutors have indicted the former president of the Vatican bank and his lawyer on embezzlement charges, holding them responsible for losses of more than 50 million euros ($62 million) from real estate sales.