The Vatican called for sweeping reforms to a global financial system it says punishes the poor and rewards the powerful.

Pope Leo XIV is leading a revitalized campaign to boost donations for Peter's Pence, a fund supporting Vatican's operations ...

The Holy See continues to face financial challenges, with recent annual deficits estimated between $80 billion and $90 billion. Its income in 2024 was estimated about $1.25 billion, with expenses ...

The Vatican’s Jubilee Report promises a reset for global finance in the name of justice. But by sidestepping calls for equity ...

The next Pope, meanwhile, will face a host of financial challenges as Francis’ reforms remain unfinished. There is still infighting between divisions inside the Holy See, and not all the Vatican ...

Pope Leo XIV, formerly Bishop Robert Prevost, confronts the Vatican's significant financial challenges, including a structural deficit and pension shortfall. His American background is expected to ...

Pope Leo XIV addresses the crowd at St. Peter's Basilica for the first time on May 8, 2025. TIZIANA FABI/AFP via Getty Images What To Know. Francis in February established a new commission to ...

Pope Leo XIV celebrated the Feast of Saints Peter and Paul, launching a new fundraising campaign to tackle the Vatican's ...

As America's Pope Leo XIV begins his reign at the head of the world's smallest country, this Catholic sovereign city-state's financial and economic challenges wait to be addressed. It may take more ...

The Catholic Church’s financial deficit only grew under Francis, and mere months before he died, Francis warned in a letter that the Vatican’s pension fund was in serious trouble and would ...

The Vatican has been embroiled in other financial scandals as well. The most notorious was the 1982 collapse of Banco Ambrosiano, Italy’s largest private bank at the time, which caused the ...

The Vatican's financial watchdog, ASIF, has reported progress in its oversight role, with 79 suspicious activity reports received in 2024, a significant 36% decrease from the 123 reports in 2023.