Search results
Results from the WOW.Com Content Network
The bank came to be known as the "priests' bank"; one chairman was Franco Ratti, nephew to Pope Pius XI. In the 1960s, the bank began to expand its business, opening a holding company in Luxembourg in 1963 which came to be known as Banco Ambrosiano Holding. This was under the direction of Carlo Canesi, then a senior manager, and from 1965 chairman.
Yallop proposes the theory that the pope was in "potential danger" because of corruption in the Istituto per le Opere di Religione (IOR, Institute of Religious Works, the Vatican's financial institution, commonly known as the Vatican Bank), which owned many shares in Banco Ambrosiano. The Vatican Bank lost about a quarter of a billion US dollars.
The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR), [4] [5] commonly known as the Vatican Bank, is a financial institution [2] that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of Cardinals and ...
Vietnam is now maintaining a semi-formal relation with the Vatican, a major breakthrough in contrast to other communist countries of China, Laos and North Korea. The Government of Vietnam reached an agreement with the Vatican for further normalization in 2018, which allowed the Holy See to have a permanent representative in Vietnam in the ...
The Pope would again meet Vietnamese leader Trần Đại Quang and his associates in the Vatican in 2016. [19] Vietnam remains the only Asian communist country to have an unofficial representative of the Vatican in the country and has held both official and unofficial meetings with the Vatican's representatives both in Vietnam and the Holy See ...
Paul Casimir Marcinkus GCOIH (/ m ɑːr ˈ s ɪ ŋ k ə s /; January 15, 1922 – February 20, 2006) was an American archbishop of the Catholic Church and president of the Institute for the Works of Religion, commonly known as the Vatican Bank, from 1971 to 1989. [1]
The Pope would again meet Vietnamese leader Trần Đại Quang and his associates in Vatican in 2016. [66] Vietnam remains as the only Asian communist country to have an unofficial representative of the Vatican in the country and has held official to unofficial meetings with the Vatican's representatives both in Vietnam and the Holy See ...
From Wikipedia, the free encyclopedia. Redirect page