What's this? / Report Bad Ads
Latest News
Vatican

Holy See confirms investigation of Order of Malta

January 17, 2017. The Holy See has issued a statement Tuesday in response to "attempts by the Order of Malta to discredit” the new group established by the Vatican to conduct the investigation of why the Chancellor of the Order of Malta was asked to step down.
World

Pope sends condolences for victims of Turkish cargo jet crash

January 16, 2017. On Monday morning, a Turkish cargo plane has tragically crashed in Kyrgyzstan, killing dozens and hospitalizing many others. Many homes and vehicles in the small village are also destroyed. As a result, Vatican Secretary of State, Pietro Parolin has sent a message of condolences to the victims of the disaster on behalf of Pope Francis.
Vatican

Pope Francis to meet with Palestinian president on Saturday

January 11, 2017. Pope Francis will meet with Palestinian president, Mahmud Abbas on Saturday, January 14, at the Vatican to inaugurate the new Palestinian embassy to the Holy See.
Vatican

Former Director of the Vatican's school for diplomats, Justo Mullor dies

December 30, 2016. The smiling archbishop Justo Mullor died this morning in Rome, at the Pío XI Clinic. He was 84 years old.
Pope Francis

Pope approves new decrees for the Causes of Saints

December 22, 2016. On Wednesday, December 21, Pope Francis authorized the following decrees for the Causes of Saints:

President of the Vatican's Bank, Ettore Gotti Tedeschi, ousted by board

2012-05-24

At this point, the Vatican is not commenting on any specifics, but it did highlight what type of president it will look for in the near future.

"The council is looking for an excellent new president to help the Institute promote effective and comprehensive relations between the Institute and the financial community, based on mutual respect for internationally accepted banking standards.”

Until a new president is selected, the institute will be headed by Ronaldo Hermann Schmitz, a German banker who currently serves as the institute's vice president.

Ettore Gotti Tedeschi presided the IOR, since September 2003. This bank is unique because its profits go to charity and its customers are dioceses, religious orders, Vatican departments and employees.