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It seems counterintuitive, but every time you hear about a financial scandal in the Vatican, that is good news, not bad. It is good news because it shows — to quote the Vatican’s financial watchdog — that the regulatory system is working.For too long, the church... Read More →

A New York woman who wants to become a nun has been told she’ll have to wait to take her vows until she pays off her student loans. Alida Taylor, 28, told New York’s CBS2 that her desire to become a nun happened after she graduated from the University of Louisiana,... Read More →

It is now impossible to launder money at the Vatican bank, its chairman said upon release of an annual report showing 4,935 accounts that had been closed between June 2013 and December 2015. Jean-Baptiste de Franssu explained that the Vatican bank, known as the Institute for the... Read More →

As the financial-services industry works to digest the Labor Department’s new fiduciary-duty rule—requiring advisers making recommendations on retirement accounts to act in their clients’ best interests—financial advisers have many questions about how the new standard will affect... Read More →

The Vatican suspended an audit of its finances by PricewaterhouseCoopers (PwC), a decision sources said was taken to determine if there were irregularities in the contract. Read more at Reuters.   Read More →