A Roman Observer: Australian Cardinal George Pell has always been a controversial figure. So why did Pope Francis bring him to the Vatican and place him in positions of power?
Institute for Works of Religion
The Institute for Works of Religion, known as the IOR or the Vatican Bank, is pressing charges against two former managers and a lawyer suspected of embezzlement, a press release from the IOR this morning announced.
The press release doesn’t name the chargees, but an exclusive story by veteran Reuters correspondent Philip Pullella does.
Faith and Justice: The church has had problems with finances since Jesus appointed Judas to take care of the purse. Will the recent reforms of the Vatican bank solve things?
The Vatican's final budget figures for 2013 showed a deficit on the part of the Roman Curia, but a strong performance by entities falling under the separate Vatican City State budget covered the deficit and helped the Vatican end the year 8.5 million euros ($11.6 million) in the black.
The Prefecture for the Economic Affairs of the Holy See, the Vatican's budget management office, presented the consolidated budgets for the Holy See and for Vatican City State to members of the new Council for the Economy on Saturday, and a summary was released by the Vatican press office Tuesday.
Pope Francis is trying to do the right thing by appointing Cardinal George Pell to keep watch over the economical side of the Vatican. But will it make a difference?
Pope Francis continues to move ahead with his reform of the Curia. But what does the appointment of Cardinal George Pell to the new Secretariat for the Economy mean?
The "Francis revolution" continued in January with personnel shuffles, policy signals and gestures reinforcing the pope's vision of a more merciful church.
Summarizing efforts made in 2013 to improve transparency and compliance with international standards for financial operations, the Vatican bank confirmed that it conducted a "detailed investigation" of the accounts held by a monsignor arrested by Italian police for the second time Tuesday.
Msgr. Nunzio Scarano was suspended in late May from his job as an accountant in the Vatican office overseeing property and investments. The Vatican suspended him when it learned that he was under criminal investigation in Italy.
Analysis: That the Italian police have charged Msgr. Nunzio Scarano with money laundering is both good and bad news.
Pope Francis replaced four cardinals serving on a five-person commission overseeing the Vatican bank.