Finance - Latest News
Oct 4, 2012 - 04:02 am .- A Denver-area Catholic commentator sees a connection between the national debt crisis and the “growing hostility to faith, family and freedom,” but he also sees hope for change if the country “turns away from the path of economic and social self-destruction.”
Sep 27, 2012 - 04:24 pm .- A leading canon lawyer has called for further reflection on the German Church’s decision to refuse the sacraments and Christian burial to Catholics who do not pay the country’s Church tax.
Sep 19, 2012 - 04:15 pm .- The Archdiocese of Philadelphia has sold at auction a South Jersey shore vacation villa for elderly priests at a price of $4.5 million, continuing its efforts to meet a major budget shortfall.
Sep 11, 2012 - 10:34 am .- The Vatican has appointed a renowned Swiss lawyer to help it meet international standards of financial transparency, after a largely positive report by the European body that monitors such issues.
Sep 7, 2012 - 06:53 pm .- St. Joseph’s University has signed a letter of intent to buy the Archbishop of Philadelphia’s residence from the financially troubled archdiocese at an expected cost of $10 million.
Aug 29, 2012 - 12:12 am .- Anita Guzzardi, the former chief financial officer of the Archdiocese of Philadelphia, was sentenced on Friday to two to seven years in prison for stealing over $900,000 from the archdiocese’s general fund over a seven-year period.
Aug 13, 2012 - 01:17 pm .- The Archdiocese of Philadelphia has announced it will sell some of its large real estate holdings, including the archbishop’s residence, to reduce operating costs in the face of a multi-million dollar deficit.
May 25, 2012 - 10:17 am .- The President of the Vatican Bank, Ettore Gotti Tedeschi, has been fired from his post following a vote of no-confidence by the bank's supervisory board.
May 22, 2012 - 02:03 am .- Pope Benedict XVI has removed an Italian bishop from ministry following the launch of a police investigation into alleged financial corruption within his Sicily diocese.

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