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New statutes for Vatican bank
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VATICAN (CNS): Pope Francis approved new statutes for the Institute for the Works of Religion (IOR)— the Vatican bank—that include structural changes and a mandatory external audit. |
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Vatican bank reports decreased profits in 2018
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VATICAN (CNS): The Institute for the Works of Religion (IOR), often called the Vatican bank, made a profit of €17.5 million ($154 million) in 2018, just over half the profit reported in the previous year, according to its annual report. |
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Vatican bank affirms ethics over profit
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VATICAN (CNS): The Institute for the Works of Religion—known as the Vatican bank—is striving to follow Catholic ethical practices in its investments, according to its latest annual report. |
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Embezzlement trial of former Vatican bank official begins
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VATICAN (CNS): The trial of Angelo Caloia, who was president of the Institute for the Works of Religion, also known as the Vatican Bank, and his lawyer, Gabriele Liuzzo, began in the Vatican courtroom on May 9. |
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Former Vatican bank officials to stand trial
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VATICAN (CNS): A former president of the Vatican bank, 78-year-old Angelo Caloia, and his attorney, 94-year-old Gabriele Liuzzo, are set to go on trial at the Vatican on March 15 on embezzling and money-laundering charges, Reuters reported. |
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Former managers of Vatican bank ordered to pay damages
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VATICAN (CNS): A Vatican court found Paolo Cipriani, the former director of the Institute for the Works of Religion (IOR)—better known as the Vatican Bank, and Massimo Tulli, the bank’s former deputy director, liable for mismanagement on February 6, and ordered an injunction for them to pay damages. |
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Jail time sought for Vatican Bank directors
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ROME (SE): The prosecutor in the case against the former directors of the Institute for Religious Works, more commonly known as the Vatican Bank, asked for jail sentences on January 20 for Paulo Cipriani and Massimo Tulli for their part in breaching Italy’s anti-money-laundering laws. |
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Vatican bank publishes 2015 annual report
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VATICAN CITY (CNS): The Institute for the Works of Religion (IOR)—informally called the Vatican bank— released its annual report for the 2015 fiscal year on May 12, presenting the document during a round-table event with Vatican Radio and L’Osservatore Romano. |
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The Catholic Diocese of Hong |
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Copyright@2015 Sunday Examiner. Published by the Bishop of the Roman Catholic Church of Hong Kong
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