VATICAN CITY - The Institute for the Works of Religion, commonly known as the Vatican bank, showed a large jump in profits in 2014 as it continued to winnow its accounts.
An influential Franciscan order re-elected its American leader Thursday (May 21), just months after some of its members were accused of embezzling tens of millions of dollars.
VATICAN CITY - A number of Catholic parishes in Italy are set for a management overall, following a new training program launched May 5 between the Villanova School of Business in the United States and the Pontifical Lateran University in Rome.
Francis’ reforms run into strong headwinds
VATICAN CITY - One reason the cardinals gathered in the Sistine Chapel elected Jorge Mario Bergoglio as Pope Francis two years ago was a brief but powerful speech the Argentine cardinal made shortly before the conclave in which he denounced the “theological narcissism” of the Roman Catholic Church.
NEW YORK - Cardinal Edward Egan, who served as archbishop of New York through the trauma of the 9/11 terror attacks and the clergy sex abuse scandal but was best known for administrative acumen that helped solidify the finances of the sprawling archdiocese, died March 5. He was 82.
'Questionable' financial activities leave Franciscans in serious debt
VATICAN CITY - Ineffective budgetary oversight and "questionable" financial activities have plunged the Order of Friars Minor into significant debt and an extremely serious financial situation, its minister general said.
NEW YORK - In the latest clash between the Catholic hierarchy and one of the church’s leading anti-abortion crusaders, New York Cardinal Timothy Dolan accused the Fr. Frank Pavone of continuing to stonewall on financial reforms, and Dolan said he is cutting ties with his group, Priests for Life.
Pope Francis' finance chief talks Vatican reform
VATICAN CITY - Pope Francis wants a "poor Church for the poor," but that "doesn't necessarily mean a Church with empty coffers," said Cardinal George Pell, "and it certainly doesn't mean a Church that is sloppy or inefficient or open to being robbed."
VATICAN CITY - When Pope Francis condemns a "cult of money" and the "dictatorship" of a faceless economy, he isn't trying to damper entrepreneurial spirit or shutter business.