Institute For The Works Of Religion
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Institute For The Works Of Religion
The Institute for the Works of Religion ( it, Istituto per le Opere di Religione; la, Institutum pro Operibus Religionis; abbreviated IOR), commonly known as the Vatican Bank, is a financial institution situated inside Vatican City and run by a Board of Superintendence which reports to a Commission of Cardinals and the Pope. It is not a private bank, as there are no owners or shareholders, but it has been established in the form of a juridical canonical foundation, pursuant to its Statutes. Since 9 July 2014, its President is Jean-Baptiste de Franssu. The IOR is regulated by the Vatican's financial supervisory body AIF (''Autorità di Informazione Finanziaria''). The Institute was founded by papal decree of Pope Pius XII in June 1942. In June 2012, the IOR gave a first presentation of its operations. In July 2013, the Institute launched its own website. On 1 October 2013 it also published its first-ever annual report. On 24 June 2013, Pope Francis created a special investigati ...
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Juridical Person
A juridical person is a non-human legal person that is not a single natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, NGO or International (inter-governmental) Organization (such as United Nations). Other terms include artificial person, corporate person, judicial person, juridical entity, juridic person, or juristic person. A juridical person maintains certain duties and rights as enumerated under relevant laws. The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it. Since ancient times, associations have been known as the original form of the juridical person. This is documented for the 1st century A.D. for Jewish trading companies. In Roman law, too, the institution already had significance, although it was not called as such. Conceptually, it included institutions such as the state, communities, corporations (''universitates'') and their association ...
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Roberto Calvi
Roberto Calvi (13 April 1920 – 17 June 1982) was an Italian banker, dubbed "God's Banker" () by the press because of his close association with the Holy See. He was a native of Milan and was chairman of Banco Ambrosiano, which collapsed in one of Italy's biggest political scandals. Calvi's death in London in June 1982 is a source of enduring controversy and was ruled a murder after two coroners' inquests and an independent investigation. Five people were acquitted in Rome in June 2007 of murdering Calvi. Popular speculation has linked the Vatican Bank, the Mafia, and the clandestine Propaganda Due to his death. Life and career Roberto Calvi's father was the manager of the Banca Commerciale Italiana. Calvi joined the bank after World War II, but he moved to Banco Ambrosiano, then Italy's second largest bank, in 1947. He married in 1952 and had two children. Soon he became the personal assistant of Carlo Alessandro Canesi, a leading figure and later president of Banco Ambrosia ...
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Paul Marcinkus
Paul Casimir Marcinkus (; January 15, 1922 – February 20, 2006) was an American archbishop of the Roman Catholic Church and president of the Institute for the Works of Religion, commonly known as the Vatican Bank, from 1971 to 1989. Early life Marcinkus was born in Cicero, Illinois, the son of Lithuanian immigrants and the youngest of five children. His father worked as a window cleaner, among other occupations. After attending Archbishop Quigley Preparatory Seminary and St. Mary of the Lake Seminary, Paul was ordained to the priesthood for the Archdiocese of Chicago on May 3, 1947, and served parish assignments with both St. Christina's and Holy Cross Church on the city's south side. By 1949, he had been appointed to the archdiocese's matrimonial tribunal, which processed applications to have marriages annulled. International career In 1950, Marcinkus began to fulfil special assignments for the Vatican and became friendly with Cardinal Giovanni Battista Montini, later ...
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Banco Ambrosiano
Banco Ambrosiano was an Italian bank that collapsed in 1982. At the centre of the bank's failure was its chairman, Roberto Calvi, and his membership in the illegal former Masonic Lodge Propaganda Due (aka P2). The Vatican-based Institute for the Works of Religion, commonly known as the ''Vatican Bank'', was Banco Ambrosiano's main shareholder. The Vatican Bank was also accused of funnelling covert United States funds to the Polish trade union Solidarity and to the Nicaraguan Contras through Banco Ambrosiano. Members * Franco Ratti, chairman * Carlo Canesi, senior manager then chairman of Banco Ambrosiano Holding starting from 1965 * Roberto Calvi, general manager of Banco Ambrosiano since 1971, appointed chairman from 1975 to his death in June 1982; he was often referred to as "God's Banker" because of his close financial ties with the Vatican * Paul Marcinkus, president of Vatican Bank (aka ''"Istituto per le Opere di Religione"''), had been a director of Ambrosiano Overseas, ...
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Franklin National Bank
Franklin National Bank, based in Franklin Square on Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due. It was at the time the largest bank failure in the history of the country. History and banking innovations The bank was founded as Franklin Square National Bank in 1926 (but changed its name to Franklin National Bank in 1947). Its original location was built in 1929 in Franklin Square, a suburban hamlet in Nassau County. It was subsequently expanded in stages through 1955. It consists of the original 1929 one-story Colonial Revival style building; a 1939 expansion; a 1946/47 expansion which included the addition of a second floor, pediment, partial hipped roof, cupola, rear four-story addition and a two-story banking hall; and a 1955 four-story rear office addition and drive-through te ...
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Propaganda Due
Propaganda Due (; P2) was a Masonic lodge under the Grand Orient of Italy, founded in 1877. Its Masonic charter was withdrawn in 1976, and it transformed into a criminal, clandestine, anti-communist, anti-Soviet, anti-leftist, pseudo-Masonic, and radical right organization operating in contravention of Article 18 of the Constitution of Italy that banned secret associations. In its latter period, during which the lodge was headed by Licio Gelli, P2 was implicated in numerous Italian crimes and mysteries, including the collapse of the Holy See-affiliated Banco Ambrosiano, the murders of journalist Mino Pecorelli and banker Roberto Calvi, and corruption cases within the nationwide bribe scandal Tangentopoli. P2 came to light through the investigations into the collapse of Michele Sindona's financial empire. P2 was sometimes referred to as a " state within a state" or a " shadow government". The lodge had among its members prominent journalists, members of parliament, industriali ...
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Michele Sindona
Michele Sindona (; 8 May 1920 – 22 March 1986) was an Italian banker and convicted felon. Known in banking circles as "The Shark", Sindona was a member of Propaganda Due (#0501), a secret lodge of Italian Freemasonry, and had clear connections to the Sicilian Mafia. He was fatally poisoned in prison while serving a life sentence for the murder of lawyer Giorgio Ambrosoli. Early years Born at Patti, a small ''comune'' (municipality) in the province of Messina (Sicily), to a Neapolitan father, a florist who specialized in funeral wreaths,''Sindona funambolo del 900''
. Libertà e giustizia. 9 ottobre 2009 and a
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Michael Hintze
Michael Hintze, Baron Hintze, (born 27 July 1953) is an Australian-British businessman and philanthropist, based in the United Kingdom. According to the ''Sunday Times'' 2019 Rich List, Hintze's net worth is 1.5 billion, an increase of 120 million from 2018. In the 2016 ''Forbes'' magazine list of The World's Billionaires, he was the world's 1,011th richest person, with a net worth of approximately 1.8 billion. Early life After his grandparents fled from Russia after the 1917 Bolshevik revolution, he was born in the Chinese city of Harbin. After Mao Zedong and the Chinese Communist Party took over power, his refugee parents left for Australia. Raised by his mother in Sydney, he was educated at St Leo's College, Wahroonga. He then studied at the University of Sydney where he obtained a BSc degree in physics in 1975 and a BE degree in engineering in 1977, residing at St John's College and working as a tutor at Sancta Sophia College. He also holds an MSc degr ...
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Pietro Parolin
Pietro Parolin OMRI (, ; born 17 January 1955) is an Italian prelate of the Catholic Church. A cardinal since February 2014, he has served as the Vatican's Secretary of State since October 2013 and a member of the Council of Cardinal Advisers since July 2014. Before that, he worked in the diplomatic service of the Holy See for thirty years, where his assignments included terms in Nigeria, Mexico and Venezuela, as well as more than six years as Undersecretary of State for Relations with States. He speaks fluent Italian, English and French, and near-native Spanish. Early life Parolin was born in Schiavon, Province of Vicenza, the son of a hardware store manager and an elementary school teacher. He has one sister and a brother. When he was ten years old, his father died in a car accident. After he was ordained on 27 April 1980, he took up graduate studies in canon law at the Pontifical Gregorian University and in diplomacy at the Pontifical Ecclesiastical Academy. He entered the Ho ...
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Giuseppe Petrocchi
Giuseppe Petrocchi (born 19 August 1948) is an Italian Roman Catholic prelate who has served as the Archbishop of L'Aquila since 2013. Pope Francis made him a cardinal on 28 June 2018. Life Giuseppe Petrocchi was born on 19 August 1948 in Ascoli Piceno. Petrocchi commenced his ecclesial studies in his home diocese on 4 October 1965 where he finished his high school education before being sent to the Pontifico Seminario Romano Maggiore in September 1967. He completed his studies at the Lateran where he obtained a bachelor's degree before pursuing further studies at Sapienza University of Rome and at the University of Macerata. He was ordained to the priesthood on 14 September 1973 in the church of San Pietro Martire and began work as a teacher and pastor. Pope John Paul II appointed him Bishop of Latina-Terracina-Sezze-Priverno on 27 June 1998 and he received episcopal consecration the following 20 September in Ascoli Piceno from Bishop Silvano Montevecchi, the co-consecra ...
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Konrad Krajewski
(Mercy) , coat_of_arms = Coat of arms of Konrad Krajewski (Cardinal).svg , ordination = 11 June 1988 , ordained_by = Władysław Ziółek , consecration = 17 September 2013 , consecrated_by = Giuseppe Bertello , cardinal = 28 June 2018 , created_cardinal_by = Pope Francis , rank = Cardinal-Deacon , previous_post = Titular Archbishop of Beneventum (2013–18) , birth_date = , birth_place = Łódź, Poland , death_date = , death_place = , nationality = Polish , religion = Roman Catholic , signature = Konrad Krajewski signature.svg Konrad Krajewski (; born 25 November 1963) is a Polish cardinal of the Catholic Church. He was a papal master of ceremonies from 1998 to 2013. In 2013 he was appointed as the papal almoner. Pope Francis created him a cardinal on 28 June 2018. Life Krajewski was born in Łódź, Poland. In 1982 he entered the seminary of the Archdiocese of Łódź. He earned a degree in theology from the Catholic University of Lublin and was ordai ...
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