#Latest news with #GianFrancoMammìBloomberg3 days agoBusinessBloombergPope Leo Inherits Cleaned Up Vatican Bank That's Making MoneyFrom offices just off St. Peter's Square in the Vatican, Jean-Baptiste Douville de Franssu, a former executive at the money-management firm Invesco Ltd., and Gian Franco Mammì watch over €5.7 billion ($6.5 billion) at one of the world's most-exclusive banks. It's a pittance compared with the trillions shuffled around by the Goliaths in London or New York. But the stockpile of assets and portfolio investments is serving the higher purpose of putting a small dent in the financial strains that have squeezed the Catholic Church for years.
Bloomberg3 days agoBusinessBloombergPope Leo Inherits Cleaned Up Vatican Bank That's Making MoneyFrom offices just off St. Peter's Square in the Vatican, Jean-Baptiste Douville de Franssu, a former executive at the money-management firm Invesco Ltd., and Gian Franco Mammì watch over €5.7 billion ($6.5 billion) at one of the world's most-exclusive banks. It's a pittance compared with the trillions shuffled around by the Goliaths in London or New York. But the stockpile of assets and portfolio investments is serving the higher purpose of putting a small dent in the financial strains that have squeezed the Catholic Church for years.
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