Marriage between the Vatican’s 100-strong employee pool isn’t allowed. You can live together and work together, you can have children together and work together, but you may not be married and work together. Oh no. If you marry, one of you must volunteer to leave the Vatican’s employ altogether (going to another department isn’t acceptable). Read more
A love story is currently causing a stir in the Vatican under the catchphrase “Romeo and Juliet”. A young couple who work at the Vatican Bank are said to have got married. As a result, they are threatened with dismissal. The Vatican trade union ADLV has shown solidarity with two employees of the Vatican Bank. Read more
After a close aide to Ukrainian President Volodymyr Zelenskyy accused Pope Francis of being a Russophile, and the Vatican of receiving Russian funds, the Catholic Church issued a statement denying the accusations on Sunday (Sept 10). “The IOR does not receive or invest money from Russia,” read a statement by the Institute for Religious Works, Read more
The Vatican bank’s commitment to upholding Catholic ethics helped it achieve a profit of €29.6 million in 2022, according to its recently published budget. Officially known as the Institute for Religious Works or IOR, the bank, once a symbol of financial misconduct, has successfully rebranded itself as a pillar of transparency at the Vatican. Pope Read more
The Institute for the Works of Religion, commonly known as the Vatican bank, showed a net profit of 36.4 million euros ($44.1 million) in 2020, according to its annual report. Compared to a net profit of 38 million euros ($46 million) the previous year, “this is a very significant result” considering the low yields and Read more
Pope Francis has appointed Fabio Gasperini, a lay financial advisor, as secretary of the Administration of the Patrimony of the Apostolic See (APSA). The 58-year-old Roman was named to the post, second highest at APSA, on June 15. He is the first layperson to get that position and succeeds Msgr. Mauro Rivella who completed his Read more
A Colombian gangster claims he was present in 1978 when Pope John Paul I was poisoned with cyanide. In a tell-all new book “When the Bullet Hits the Bone,” Anthony Raimondi (69) opens up about John Paul’s death after just 33 days in office. Raimondi says his co-conspirators killed the pope because John Paul I Read more
Last week, the Vatican released a mysterious statement acknowledging a raid by Vatican police on the offices of its Secretariat of State and of its financial watchdog agency, saying it was carried out by judicial order by the Vatican tribunal and with permission from unspecified “superiors.” The Secretariat of State is the most powerful department Read more
Pope Francis’s reforms to the Vatican Bank and attempts to restore its ethical credentials include new statutes. On Saturday Francis signed the new statutes and approved other changes to bolster the reforms that have cleaned out the once scandal-ridden institution. The reforms were initially launched by Francis’s predecessor Pope Benedict. Until Benedict and Francis sought Read more
The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 17.5 million euros (about US$19.8 million) in 2018, just over half the profit reported in the previous year, according to its annual report. The bank, which had made a profit of 31.9 million euros in 2017, said Read more