Click here to advertise on CatholicCulture.org

Vatican denies reports of division over firing of bank president

Catholic World News - June 04, 2012

Italian media outlets have reported that a commission of cardinals refused to give its approval to the dismissal of Ettore Gotti Tedeschi, the president of the Vatican bank. But the director of the Vatican press office has denied the reports.

Tedeschi was dismissed on May 24, when the board of directors of the Institute for Religious Works (IOR) unanimously passed a resolution of no confidence. The commission of cardinals that oversees Vatican financial affairs was due to meet on May 25 to discuss the move.

The commission has made no public statement, but Father Federico Lombardi, the Vatican spokesman, said the reports of a conflict were inaccurate. “It’s not true; there is no split,” he said.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our April expenses ($26,663 to go):
$35,000.00 $8,336.70
76% 24%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org
Shop Amazon

Recent Catholic Commentary

Mysteries, again and again! 10 hours ago
Tips for getting comfortable with evangelization 13 hours ago
The Shroud of Turin on Display (and an odd canonical case against it) April 16
The Vatican says the LCWR is acting Catholic. And that's news. April 16
The Truth about the Armenian Genocide April 15

Top Catholic News

Most Important Stories of the Last 30 Days
Pope challenges world leaders' silence on persecution of Christians CWN - April 6
Pope outlines plans for the extraordinary jubilee of mercy CWN - April 13
Vatican completes doctrinal assessment of Leadership Conference of Women Religious CWN - April 16