Cardinal Becciu: Pope Francis responsible for Vatican auditor’s ousting

Cardinal Becciu: Pope Francis responsible for Vatican auditor’s ousting

CNA—Cardinal Angelo Becciu said Wednesday that he is blameless in the forced resignation of a Vatican auditor, because it came at Pope Francis’ request. Becciu was said to be responsible for the sudden firing in 2017 of the Vatican’s first auditor general, Libero Milone, as well as the cancelation of an internal audit. But during…

The Catholic Investor: My Journey

The Catholic Investor: My Journey

I began transforming into a Catholic investor while working as a portfolio manager for Northwestern Mutual Life. I had been a pro-life Catholic for a long time and was serving on the Wisconsin Right to Life Board of Directors. A stockbroker I worked with regularly approached me with a new idea for a stock to…

Preparing for Libor to Leave the Building

Preparing for Libor to Leave the Building

The London Interbank Offered Rate (Libor) — once called the world’s most important number — is an interest-rate benchmark that has influenced borrowing costs for consumers, businesses, and investors around the world since 1986.1–2 It’s been quoted in five currencies (British pound, Swiss franc, Euro, Japanese yen, and U.S. dollar) from the daily submissions of…

Pivots to Fight Inflation

Pivots to Fight Inflation

On December 15, 2021, the Federal Open Market Committee (FOMC) of the Federal Reserve System made a significant shift in monetary policy in response to rising inflation. The Committee accelerated the reduction of its bond-buying program in order to tighten the money supply and projected three increases in the benchmark federal funds rate in 2022,…

New Pro-Life Bank Opening Soon

New Pro-Life Bank Opening Soon

Prolife Bank (proposed) is near opening.  Its distinguishing feature is that it will be a bank that refuses to support anything remotely connected with the killing of innocent unborn babies. Who knew that many of the mainstream banks with which we do business actively support causes including abortion and abortion-related nonprofits whose activities and principles…

Vatican Finances: What is the transfer of institutional cash to the Vatican “central bank” all about?

Vatican Finances: What is the transfer of institutional cash to the Vatican “central bank” all about?

CMN—A recent provision by the Secretariat for the Economy made clear that the Administration for the Patrimony of the Apostolic See manages all the Holy See’s sovereign financial activity. In short, this means that it is back to old times as far as Vatican finances are concerned. All of the accounts owned by institutional entities…

Pope Francis issues new law in wake of Vatican financial scandals

Pope Francis issues new law in wake of Vatican financial scandals

The Pillar—Pope Francis has issued a new Vatican law that aims to combat corruption by senior officials in the curia and in the city state, and that bars investments in companies or businesses “contrary to the social doctrine of the Church.” The new law also aims to end customary cash gifts exchanged among Church officials…

Executive Order Banning investment in Eight More Apps with Ties to Communist Chinese Government, due to Severe Threat of Private Information Tracking

Yesterday, January 5, 2021, President Trump signed an Executive Order banning investment in eight (8) apps with ties to Communist China and its egregious tracking and security threat factors. Here are the total list of 8 additional apps banned from U.S. transactions: Alipay CamScanner QQ Wallet SHAREit Tencent QQ VMate WeChat Pay WPS Office Here…

Vatican finances: London deal players had prior history

Vatican finances: London deal players had prior history

CNA—New details have emerged about the links between the two Italian businessmen at the center of the Vatican financial scandal. In the months before Gianluigi Torzi was asked by the Holy See to act as middle man for the final purchase of the London property at 60 Sloane Ave. from Raffaele Mincione, a company owned…

The Mentors Radio Show in Greater SF Bay Area moves to new time slot!

The Mentors Radio Show in Greater SF Bay Area moves to new time slot!

The Mentors Radio, a popular and unique business & ethics radio show now in its Fourth Year, has a new time slot on AM860 The Answer in the San Francisco Bay Area, now airing at 1:00 pm every Saturday.  Produced by the Catholic Business Journal, the radio show and radio podcast features three remarkable and…

Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

CNA—The Holy See press office announced Friday that Italian businessman Gianluigi Torzi has been arrested after he was interrogated as part of a Vatican financial investigation. Torzi played a crucial role in the controversial purchase of a London property development by the Secretariat of State. “Today the Office of the Promoter of Justice of the…

Interview with Funding Options chief executive Simon Cureton: UK Chancellor’s £350bn business loan scheme leaves fintech lenders out in the cold

Interview with Funding Options chief executive Simon Cureton: UK Chancellor’s £350bn business loan scheme leaves fintech lenders out in the cold

UK-based Learn Bonds—Millions of Britain’s small businesses are desperate for cash to cover wages a month into the coronavirus lockdown – but the alternative finance industry feels the government has left them with their noses pressed against the window while high street banks dither over approvals. That is certainly the view of Funding Options chief executive Simon Cureton…

Find Out if You Qualify for a newly designated SBA Loan due to virus-related shutdowns, and Don’t Wait to Apply

Find Out if You Qualify for a newly designated SBA Loan due to virus-related shutdowns, and Don’t Wait to Apply

If you qualify for a hardship loan for your business due to consequences of attempts to halt rapid acceleration of spread of coronavirus COVID-19, don’t wait to begin the application process. Here are some important links you’ll need: Disaster Loan Assistance: Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters – Fact Sheet https://disasterloan.sba.gov/

What is Wrong with Moral Investing and How can it be done better?

What is Wrong with Moral Investing and How can it be done better?


Much has been written about the morality of investing in the stock market, often expressed in terms of an obligation to avoid stock in companies that are engaged in immoral businesses. This can be very difficult considering the wide variety of business activities of major corporations and the diverse stock holdings in modern mutual funds,…

The SECURE Act and What It Could Mean for Your Retirement Planning

The SECURE Act and What It Could Mean for Your Retirement Planning

The SECURE Act (short for Setting Every Community Up for Retirement Enhancement Act) was signed into law by President Trump. It went into effect on Jan. 1. The SECURE Act is the most significant piece of retirement legislation since 2006 and will make it easier for tens of millions of hardworking Americans to save for…

Cardinal Pell objected to 50MM Euro Vatican hospital loan, those now embroiled in Vatican financial scandal prevailed

Cardinal Pell objected to 50MM Euro Vatican hospital loan, those now embroiled in Vatican financial scandal prevailed

Vatican City, Nov 5, 2019-CNA—A 50 million euro loan request to secure the purchase of a bankrupt hospital was vetoed by Cardinal George Pell and financial authorities at the Institute for Works of Religion, commonly called the Vatican Bank, before it was approved by the Holy See’s central bank, APSA, where the loan breached international…

Vatican cardinals linked to missing millions and financial scandal

Vatican cardinals linked to missing millions and financial scandal

Vatican City, Oct 29, 2019-CNA– An Italian dermatology hospital and two senior cardinals are at the center of a burgeoning financial scandal involving a Vatican bank, the U.S.-based Papal Foundation, and millions of euros from misallocated government grants. The events concern the financial collapse of the Istituto Dermopatico dell’Immacolata (IDI), an Italian hospital.  According to…

Becciu says $200 million London property deal was ‘accepted practice’

Becciu says $200 million London property deal was ‘accepted practice’

CNA—Cardinal Angelo Becciu has denied any impropriety in a real estate investment made with Vatican funds and insisted that he only acted in the best interests of the Holy See. In an interview with Italian media published Tuesday, the former deputy at the Holy See’s Secretariat of State rejected any wrongdoing in the authorization of…

Vatican documents detail suspicious investments at Secretariat of State

Vatican documents detail suspicious investments at Secretariat of State

A confidential report from the Vatican’s anti-corruption authority shows that the Secretariat of State has used about $725 million, most of which came from the pope’s charity fund, in off-books operations. Italian weekly L’Espresso published a report Oct. 20, revealing information from three confidential Vatican documents, one of which is a report from the pope’s…

Cardinal Becciu at center of Vatican financial investigation

Cardinal Becciu at center of Vatican financial investigation

CNA—The recent raid of Vatican offices is connected to an investigation into charges that Vatican money financed the development of luxury properties in London, and led to a windfall for the Vatican’s investment managers, according to an Oct. 14 report from Financial Times. According to Financial Times, Vatican police and prosecutors are investigating the possibility…

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