Cardinals tasked with deciding the fate of the president of the Vatican Bank – amid financial scandals and a struggle for power in the Holy See – are struggling to come to an agreement, media reports said today. The commission of cardinals must decide whether or not to uphold the board’s decision to oust Ettore Read more
Posts Tagged ‘Vatican bank’
Vatican Bank fired president for more transparency
Thursday, May 31st, 2012Carl A. Anderson, head of the U.S.-based Knights of Columbus and secretary of the Vatican bank’s board of supervisors, said a commitment to promoting transparency led the board to fire Ettore Gotti Tedeschi as bank president. The board of the bank noted that members had repeatedly expressed concern to Gotti Tedeschi about the bank’s “governance,” Read more
No confidence in Vatican banker
Tuesday, May 29th, 2012
The board of the Vatican Bank is looking for a new president after it voted unanimously on May 24 to remove Ettore Gotti Tedeschi as president. The Vatican announced the Institute for Religious Works (IOR) is “looking ahead to the search for a new and distinguished president who can assist the IOR to regain effective and wider Read more
Pope Benedict’s private correspondence leaked
Tuesday, May 22nd, 2012
Confidential letters and memos to and from Pope Benedict and his personal secretary have just been published in a book by Italian journalist Gianluigi Nuzzi entitled “His Holinesss”. The book refers to power struggles and corruption inside the Holy See and the approach of its top banker who has been under scrutiny. Vatican spokesman Rev. Read more
Mobster exhumed in search for clues to Vatican linked kidnapping
Friday, May 18th, 2012
Italian gangster Antonio Mancini has said that the 15-year-old daughter of a Vatican employee was killed in 1983 because a criminal gang was irate over the loss of funds deposited in the Vatican bank. Emanuela Orlandi was 15 when she disappeared in 1983 after leaving her family’s Vatican City apartment to go to a music Read more
Vatican seeks to explain U.S. money-laundering tag
Tuesday, March 13th, 2012The Vatican on Friday sought to explain its presence for the first time on a U.S. list of countries that are a potential hub for money laundering, saying it was only natural to be included given its recent efforts to conform to international standards. The U.S. State Department this week released its International Narcotics Control Read more
Vatican banker: Higher taxes won’t solve economic crisis
Friday, September 2nd, 2011
The president of the Vatican Bank, Ettore Tedeschi, recommends avoiding ‘deceptive simplifications’ when trying to find solutions to the world’s economic crisis. The Vatican banker warns that higher taxes are not a solution to the current economic crisis and that higher taxes merely create a higher level of public spending. Rather, he said, ‘authentic global solutions’ Read more
Vatican gets is €23 million back
Friday, June 3rd, 2011
Italian prosecutors have ordered the release of €23 million (NZ$41 million) seized from a Vatican Bank account in a money-laundering probe. The Vatican welcomed the move and said the funds were ordered returned after the Holy See issued new anti-money laundering and anti-terror financing laws to conform with EU and international norms, the Washington Post Read more