The $6 billion Vatican Bank was beset by scandals, disastrous investments—and ties to the mafia. How Pope Francis tried to fix it

Quick Summary:

The Vatican Bank has been plagued for years by financial scandals.

The 61-year-old de Franssu has served as president of the Vatican Bank since 2014.

Francis, who died on Monday at age 88, sought to reform the bank and the Holy See soon after he became Pope in 2013.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets: United States

Topics: Finance Catholic Church Pope Francis Organized crime

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 10:52:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 101 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28143115

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 45 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions