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
5 years 6 months ago
How do I apply for this job?
Bill Mazzella
5 years 6 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
5 years 5 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
4 years 7 months ago
When Pope Francis is finished sorting out the Vatican bank he might come over here and sort our banks out.


The latest from america

Native American protestors hold hands with parishioner Nathanial Hall, right, during a group prayer outside the Catholic Diocese of Covington on Jan. 22, 2019, in Covington, Ky. (AP Photo/John Minchillo)
The furor over a chance meeting between Catholic high school students and Native American protesters underscores the need to listen and learn from indigenous voices.
Marlene LangJanuary 23, 2019
The staggering parliamentary defeat for Prime Minister Theresa May, seen here leaving 10 Downing Street on Jan. 23, pushed the country even further from safe dry land. (AP Photo/Alastair Grant)
After the stunning defeat of Theresa May's exit deal, Scotland is looking anew at independence, and the U.K. government fears economic disaster.
David StewartJanuary 23, 2019
Michael Osborne, a film director, documents the damage from a mud slide next to his home in Los Angeles on Jan. 18, after three days of heavy rain. (AP Photo/Damian Dovarganes)
The conceit of California-as-disaster-movie is ridiculous. But maybe watching our fires and mudslides helps other states consider both their own fragility and their underlying strength.
Jim McDermottJanuary 23, 2019
A commitment to religious liberty demands that effort be devoted to resolving, rather than exacerbating, any real or apparent tension between religious obligation and civil duty.
The EditorsJanuary 23, 2019