Finance

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Pope Francis delivers a message at his general audience on Wednesday, Jan. 17, 2024, in the Paul VI Audience Hall at the Vatican.

Pope Francis issues new regulations setting spending limits for Vatican offices

Jan 17, 2024

By Courtney Mares

Pope Francis amended the Vatican’s financial regulations on Tuesday, enshrining a spending limit into law. Read more

Pope Francis speaks with Punit Renjen, an Indian-American businessman and CEO of the multinational professional services firm Deloitte, during an audience to the participants of the Deloitte Global meeting on Sept. 22, 2022, at Paul VI Hall in the Vatican.

Pope Francis asks financial consultants to put people before business

Sep 22, 2022

By Hannah Brockhaus

The pope spoke about the role of integral human development in the financial sector during a Sept. 22 meeting at... Read more

Tommaso Di Ruzza, right, speaks at a Vatican briefing alongside Alessandro Gisotti, center, and René Brülhart, left, May 21, 2019.

Indicted ex-director of Vatican’s financial watchdog says truth will come out at trial

Jul 6, 2021

By Hannah Brockhaus

Tommaso Di Ruzza is one of 10 people facing a Vatican trial. Read more

Catholic family of 16 are debt free.

How a Catholic family of 16 lives debt-free

Apr 15, 2021

Five years ago, a Catholic family of 16 made international news for sending their children to college without any debt... Read more

Pope Francis.

Pope Francis: Business management requires fair and clear conduct, not corruption

Oct 5, 2020

By Courtney Mares

Pope Francis told a group of investment bankers Monday that fair conduct and transparency are essential in the field of... Read more

Catholic speaker Peter Droege.

Speaker will connect national debt, anti-family hostility

Oct 4, 2012

A Denver-area Catholic commentator sees a connection between the national debt crisis and the “growing hostility to faith, family and... Read more

Canon lawyer Ed Peters, who teaches at Sacred Heart Major Seminary in Detroit, Mich.

Canon lawyer: German Church tax dispute needs more reflection

Sep 27, 2012

A leading canon lawyer has called for further reflection on the German Church’s decision to refuse the sacraments and Christian... Read more

The Villa St. Joseph by the Sea which was sold to Steve and Ilene Berger. Photo courtesy of Max Spann Real Estate.

Philadelphia archdiocese auctions priests' vacation villa

Sep 19, 2012

By Kevin J. Jones

The Archdiocese of Philadelphia has sold at auction a South Jersey shore vacation villa for elderly priests at a price... Read more

St. Peter's Square.

New Vatican recruit to help improve financial transparency

Sep 11, 2012

The Vatican has appointed a renowned Swiss lawyer to help it meet international standards of financial transparency, after a largely... Read more

The cardinal's residence is on an 8.9-acre property contiguous to SJU's Philadelphia Campus. Photo courtesy of SJU.

Jesuit university to buy Philadelphia archbishop's residence

Sep 7, 2012

St. Joseph’s University has signed a letter of intent to buy the Archbishop of Philadelphia’s residence from the financially troubled... Read more

Anita Guzzardi. Photo courtesy of the Philiadelphia Police Dept.

Philly archdiocese financial officer gets prison time in $900,000 theft

Aug 28, 2012

Anita Guzzardi, the former chief financial officer of the Archdiocese of Philadelphia, was sentenced on Friday to two to seven... Read more

Villa St. Joseph by the Sea in Ventnor, N.J. is being sold by the Archdiocese of Philadelphia. Photo courtesy of Max Spann Real Estate.

Philadelphia archdiocese to sell major properties

Aug 13, 2012

The Archdiocese of Philadelphia has announced it will sell some of its large real estate holdings, including the archbishop’s residence,... Read more

Ettore Gotti Tedeschi, former president of the Vatican Bank.

Vatican Bank boss fired over alleged mismanagement

May 25, 2012

The President of the Vatican Bank, Ettore Gotti Tedeschi, has been fired from his post following a vote of no-confidence... Read more

Pope Benedict XVI.

Pope removes Italian bishop amid fraud accusations

May 22, 2012

Pope Benedict XVI has removed an Italian bishop from ministry following the launch of a police investigation into alleged financial... Read more