Posts Tagged ‘finances’

Pell surprised at suspension of Vatican audit Comments 0

Tuesday, April 26th, 2016

The Vatican’s finance chief, Cardinal George Pell, has expressed surprise at the suspension of an independent audit of the Vatican’s finances. The Vatican’s Secretariat of State suspended the audit by international accounting firm PricewaterhouseCoopers last week. This is four months after the Vatican had announced PwC was to perform the audit. Vatican spokesman Fr Federico Read more

Pell advises new bishops not to sell land Comments 0

Friday, February 5th, 2016

The Vatican’s finance chief has told new bishops that they must not sell land. Cardinal George Pell addressed recently ordained bishops in Rome last September. The Tablet reported that the text of what he said has been released in a book of all the talks given to the bishops. The Prefect of the Holy See’s Read more

Vatican bank wrote off $20 million Bertone investment Comments 0

Friday, August 22nd, 2014

The Vatican bank has written off US$20 million that was invested in an Italian television company at the behest of Cardinal Tarcisio Bertone. Two years ago, the Vatican’s then-Secretary of State, Cardinal Bertone, ordered the investment in Lux Vide SpA, for “evangelisation”. The company makes family movies, including films about popes and a series about Read more

The Economist finds messy finances in US Church Comments 0

Tuesday, August 21st, 2012

After an in-depth investigation of the finances of the Catholic Church in the United States, The Economist says its financial mismanagement and questionable business practices would have seen widespread resignations in any other public institution. “Of all the organisations that serve America’s poor, few do more good work than the Catholic Church: its schools and Read more