Publication: Bloomberg
Trump-Loathing Billionaire Teams With Archbishop to Fight Deportations
In immigrant-heavy Miami, Cuban-born businessman Mike Fernandez and Archbishop Thomas Wenski are leading a backlash to ICE sweeps. For nearly 50 years, Miami Archbishop Thomas Wenski has ministered to immigrants ...
Ex-Vatican Bankers Ordered to Pay $46 Million for Mismanagement
Two former Vatican bankers were convicted of mismanaging assets and sentenced to repay 40.7 million euros ($46.2 million), more than the bank’s net income in 2020. Paolo Cipriani, former director ...
Catholic Church Shields $2 Billion in Assets to Limit Abuse Payouts
Dioceses are aggressively moving and reclassifying holdings to shrink the value of their bankruptcy estates. For most of the 20th century, the Catholic Church in the U.S. minimized the damage ...