Two investment funds used by Vatican dicasteries were also used by a major Italian bank to conceal illegal investments for which the bank was eventually closed. On Friday, Maltese media reported that the IOR, or Vatican Bank, is being sued in turn by Optimum for breach of contract; the firm claims the Vatican’s bank owes an

The bank's net profit for 2017 was €31.9 million, compared to €36 million in 2016

Angelo Caloia is accused of taking €57 million euros off profits from the sale of Vatican properties

The trial of Angelo Caloia and his lawyer, Gabriele Liuzzo, begins March 15

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The former directors, who have already been given jail sentences, face paying damages after bank incurred losses of 47 million euros

Holy See promises to ‘further strengthen its efforts to combat and prevent financial crimes’

Giulio Mattietti was reportedly removed from his position on Monday