The beatification of Archbishop Fulton Sheen was delayed at the request of Bishop Salvatore Matano of Rochester.
Next month, the Holy See is due to send a report to Moneyval, the Council of Europe’s anti-money laundering watchdog, giving an update on its progress implementing they agency’s recommendations to improve Vatican financial standards. That report is likely to make for bleak reading in Strasbourg, but even more grim writing in the Vatican.
The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities.
The Vatican Secretary of State told CNA this week that he is responsible for arranging a controversial loan for the purchase of a bankrupt Italian hospital, and that he arranged with Cardinal Donald Wuerl a grant from the U.S.-based Papal Foundation to cover the loan when it could not be repaid.
Developers acting for the Vatican Secretariat of State offered to raze a London parish hall and rectory and replace it with low-cost housing, in order to try to push through a luxury apartment development. The luxury development project involves two recently suspended Vatican employees, and a nest of Vatican-controlled holding companies led by an architect linked to accusations of money laundering and fraud involving Vatican accounts.
During the second day of the USCCB Fall General Assembly in Baltimore, divisions among the bishops bubbled briefly to the surface, with bishops exchanging sharp interventions on the “preeminence’ of abortion as a social concern.
The bishops of the US have elected a new president and vice president to lead the USCCB for the next three years. On Tuesday morning, the second day of their fall general session, the bishops elected Archbishop Jose Gomez of Los Angeles as president and Archbishop Allen Vigneron of Detroit as vice president of the conference.
The Apostolic Nuncio to the United States told the nation’s bishops that their commitment to evangelization is the measure of their communion with Pope Francis.
McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the Papal Foundation, for a bankrupt Italian hospital, the Istituto Dermopatico dell’Immacolata (IDI).
A 50 million euro loan request to secure the purchase of a bankrupt hospital was vetoed by Cardinal George Pell and financial authorities at the Institute for Works of Religion, commonly called the Vatican Bank, before it was approved by the Holy See’s central bank, APSA.
Senator Marco Rubio has called for “common good economics” ahead of a speech Tuesday on Catholic social teaching and the dignity of work.
Senior Vatican sources have told CNA that a controversial Vatican investment in a London property development was financed with borrowed money, and not with Vatican funds, as has been reported.
Cardinal Angelo Becciu has denied any impropriety in a real estate investment made with Vatican funds and insisted that he only acted in the best interests of the Holy See.
Cardinal Angelo Becciu and Cardinal Giuseppe Versaldi have been key players in a complicated series of financial transactions to finance the Vatican Secretariat of State’s 2015 acquisition of the hospital.
A Brazilian bishop has called for the ordination of women to the diaconate for service in the Amazon region. The bishop said that 2009 revisions to canon law could allow for the ordination of women deacons, but a leading canon lawyer in the Vatican has disputed that idea.
The head of the Vatican's central bank appeared to admit this week to a transaction that could be a violation of European regulatory commitments, namely a loan of 50 million euros to finance the purchase of a struggling Italian hospital.
A man claiming to be a former child victim of Theodore McCarrick has written an open essay in response to a recent interview given by the former cardinal.
The recent raid of Vatican offices is connected to an investigation into charges that Vatican money financed the development of luxury properties in London, and led to a windfall for the Vatican’s investment managers, according to an Oct. 14 report from Financial Times.
The Holy See has announced that Bishop Nicholas DiMarzio of Brooklyn will lead an Apostolic Visitation of the Diocese of Buffalo. The visitation, a canonical inspection and fact-finding mission, was ordered by Cardinal Marc Ouellet of the Congregation of Bishops in Rome, the Vatican department responsible for overseeing the personal conduct of bishops.
The plan for a “binding synodal process” recently approved by the German bishops will be sent to a controversial lay group for amendment and approval, CNA has learned.