The Vatican contends that Cardinal Giovanni Angelo Becciu gave €600,000 to a charity run by his brother in Sardinia. File photograph: Getty

Oh dear. It was Jesus himself who advised: “No one can serve two masters. He will either hate one and love the other, or be devoted to one and despise(...)

Old and new: a horse-drawn carriage passes a branch of Banca Monte dei Paschi di Siena in Rome. Italy’s government is set to rescue the world’s oldest lender. Photograph: Alessia Pierdomenico/Bloomberg

So is the ever-worsening Monte dei Paschi (MPS) di Siena crisis just a blip in the system or is “Italy about to destroy [the] eurozone” as British tab(...)

Italian leader Matteo Renzi: there are fears he is becoming mired in old-style, crony politics. Photograph: Alessandro Bianchi/Reuters

Two years ago, Italy’s prime minister Matteo Renzi made a dramatic entrance on to the European scene, seizing power in a cynical palace putsch. Despit(...)

Licio Gelli: even though he was given a 10-year sentence for having “derailed” the Bologna station investigation and a 12-year sentence for his role in the Banco Ambrosiano collapse, Gelli actually spent little time in prison.

Licio Gelli, one of the most controversial public figures of the entire post-war era in Italy, died on Tuesday night in his private Villa Wanda reside(...)

Italian journalist Gianluigi Nuzzi at a news conference to publicise his book, ‘Via Crucis’, in Rome on Wednesday. Photograph: Yara Nardi/Reuters

A suspect break-in and a subsequent safe robbery, a whole batch of Holy See confidential documents and even documents related to mafia banker Michele (...)

Institute of Religious Works president Ernst von Freyburg (above) is to be replaced by Jean-Baptiste de Franssu, who already works with with the Vatican’s Council for the Economy. Photograph: EPA/Alessandro di Meo

The reform process Pope Francis has prompted at the controversial Vatican bank IOR is about to move on to “phase II”.Francis is about to replace the b(...)

The Vatican Bank. From day one it was clear Pope Francis was no friend of deregulated capitalism, let alone murky financial speculation.  Photograph: Gabriel Bouys/AFP/Getty Images

As tourists walk past the Porta Sant’Anna in Rome, just off St Peter’s Square, few pay much attention to the strange-looking, rounded tower that sits (...)

The Vatican is trying to comply with the recommendations last year of the European Council’s anti-money laundering “Moneyval” committee. Photograph: Andrew Medichini/AP

In yet another indication of his desire to clean up the administration of the Holy See, Pope Francis yesterday issued a “motu proprio” strengthening t(...)