Director of Vatican bank resigns


VATICAN CITY (CNS) -- The director and deputy director of the Vatican bank, which is being investigated by a special papal commission, resigned July 1. A statement from the Vatican press office said Director Paolo Cipriani and Deputy director Massimo Tulli offered their resignations "in the best interest of the institute and the Holy See." The statement said Vatican bank President Ernst von Freyberg would assume the function of interim general director, effective immediately.

Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
Vincent Gaitley
4 years 10 months ago
How do I apply for this job?
Bill Mazzella
4 years 10 months ago
Terrible that JP II and Benedict let this corruption go on so long. Were these corrupt bank officials so powerful and/or did they use blackmail. Quite interesting that the American Cardinals were insistent that the Vatican bank be cleaned up. How corrupt has it been that even that the American bishops who have fallen short in integrity so much, are calling for a cleanup? Are the American Cardinals driving this reform or did Francis let them in on it? At any rate with the cover-up on pedophilia and the serious scandal at the Vatican bank, will humility finally come to the Vatican and the bishops?. I am still in Francis' corner. Can the man clean house? Many questions. Hopefully the leadership will be the better for it.
Eva Lee
4 years 8 months ago
Perhaps the bank corruption should come to an end. Remorse, however, may have little to do with it. Weill also acknowledged that the mistakes of the past have tarnished the reputation of big banks in the eyes of regulators and taxpayers. That stain is likely to remain for the foreseeable future. Instead of bucking the trend of increased regulation, Weill and other industry leaders are seeking to create a playing field that is not subject to the full brunt of such restrictions. A playing field that would allow investors to gamble, while simultaneously sparing the taxpayers the burden of their folly should things go south.If you need help with your bank fees, ask for financial aid.
john flynn
3 years 11 months ago
When Pope Francis is finished sorting out the Vatican bank he might come over here and sort our banks out.


Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

Archbishop Matteo Zuppi (Photo/Community of Sant'Egidio website)
Archbishop Matteo Zuppi of Bologna calls Father James Martin’s book ‘Building a Bridge’ ‘useful for encouraging dialogue, as well as reciprocal knowledge and understanding.’
Matteo ZuppiMay 21, 2018
 Pope Francis arrives in procession to celebrate Mass marking the feast of Pentecost in St. Peter's Basilica at the Vatican May 20. The pope at his "Regina Coeli" announced that he will create 14 new cardinals June 29. (CNS photo/Paul Haring)
Eleven of the new cardinals are under the age of 80 and so have the right to vote in the next conclave.
Gerard O’ConnellMay 20, 2018
Images: AP, Wikimedia Commons
Bishop Curry described Teilhard as “one of the great minds, great spirits of the 20th century.”
Angelo Jesus CantaMay 19, 2018
Both men were close to each other in life, and both are much revered by Pope Francis.
Gerard O’ConnellMay 19, 2018