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Explore how Pope Leo turns to American Catholic conservatives amid Vatican's financial struggles, looking to stabilize the Church's strained budget.
The Vatican launches a new campaign to boost donations from the faithful with an American-style publicity pitch, an effort ...
Pope Leo XIV on Sunday celebrated a special feast day traditionally used by the Catholic Church to drum up donations from the ...
Leo celebrated Mass in St. Peter’s Basilica, marking the Feast of Saints Peter and Paul, during which he gave the pallium woolen stole to 54 new archbishops.
The Vatican Bank, known formally as the Institute for the Works of Religion (IOR), was established in 1942 by Pope Pius XII and is used by Vatican agencies, church organisations, ...
Vatican City, Jun 11, 2025 / 15:48 pm. The Institute for the Works of Religion (IOR, by its Italian acronym), popularly known as the Vatican Bank — a small financial institution with just over ...
Vatican Bank Recorded a Net Profit of 32.8 Million Euros in 2024, Up 7% From 2023 The report also included information on the profits redistributed to the Pope and to other Holy See budget items.
The Vatican Bank - or the Institute for the Works of Religion, as it's officially known - has long represented the heart of the Catholic Church’s financial might.
The Vatican began legal action against its former London-based Italian fund manager, alleging the bank was defrauded over a large 2012 real estate investment in London.