National Catholic Reporter

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Benedict XVI

Pope Francis confirms continuing existence of Vatican bank

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Pope Francis, accepting the recommendations of his international Council of Cardinals and other advisory groups, has decided the Vatican bank will continue to exist and has approved a plan to increase its transparency and accountability.

The Vatican press office issued a statement Monday saying the pope "has approved a proposal on the future" of the Institute for the Works of Religion, the formal title of the bank. The Vatican, however, did not release details of the proposal.

Energy, God's presence permeate Catholic men's gathering, say attendees

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Nearly 3,000 men from throughout the Newark archdiocese and other parts of New Jersey filled Seton Hall University's recreation complex Saturday for a robust spiritual workout.

Cardinal Timothy Dolan of New York launched the sixth annual Newark archdiocesan Catholic Men's Conference with a keynote address before the men spent the day hearing other talks, praying, sharing in small groups, celebrating the sacrament of penance, and rallying around a festive eucharistic procession.

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April 11-24, 2014

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