Peters Pence

At trial, Vatican auditor says he was shocked by misuse of funds

By Junno Arocho Esteves, Catholic News Service. September 30. 2022 VATICAN CITY (CNS) — The Vatican auditor general said he was surprised by the lack of ethical standards demonstrated by officials considering investment opportunities, including a failed London property development... read more

The Vatican could lose $ 135 million for sale of controversial luxury building in London

By Paul, 24/7 News Agncy, November 8, 2021 The acquisition of this building, at a price higher than its real value, was carried out through highly speculative financial packages. The Vatican could lose 100 million pounds, or about 135 million dollars, with the sale of a controversial... read more

Vatican reveals it owns more than 5,000 properties

Real estate holdings published for first time show it owns 4,051 properties in Italy, 1,120 abroad The Guardian/ Reuters, July 24, 2021 The Vatican has released information on its real estate holdings for the first time, revealing it owns more than 5,000 properties, as part of its most... read more

Take-aways on report of Vatican official on payroll of Swiss banking giant

By John L. Allen, Jr. , Crux, July 2, 2021 ROME – A remarkable report in a leading Italian newspaper Tuesday indicated that while he was an investment manager working in the Vatican’s Secretary of State, Italian layman Fabrizio Tirabassi, also had a contract with Swiss banking giant UBS... read more

Fr Guerrero: “The Holy See reduces costs, not its mission”

The Prefect of the Secretariat for the Economy explains the 2021 budget in an interview with Vatican Media: “Our budgeted expenses are the lowest in recent history, but we are not cutting services or restructuring staff.” By Andrea Tornielli, Vatican News, March 15, 2021 “The budgeted... read more
Fr. Juan A. Guerrero, S.J.

Economy prefect says Vatican must be ‘a house of glass’ as 2019 figures released

Catholic News Agency, October 1, 2020 Vatican City, Oct 1, 2020 / 07:00 am MT (CNA).- The Vatican’s Secretariat for the Economy released the 2019 balance sheet for the Roman Curia Thursday. Fr. Juan A. Guerrero, S.J., the department’s prefect, told Vatican News Oct. 1 “the economy of... read more

Catholics should be outraged at Vatican’s Peter’s Pence bait-and-switch

By Phil Lawler, LifeSite News, December 20, 2019 If you asked loyal Catholics to subsidize a film dramatizing the life of Elton John, you'd get a disappointing return. But ask them to contribute to the needs of the Holy Father, and you'll see real generosity. The purpose of the Peter's... read more

Vatican invested in Lapo Elkann and Elton John film

By Mario Gerevini, Fabrizio Massareo, Sezioni, December 6, 2019 Investments in Malta involving capital held by the Vatican’s Secretariat of State – in real estate, mineral water and websites – have led to investigations by Holy See prosecutors. At the heart of the operations is the... read more