Gregory XII -- Last Pope to Resign (1327-1417) was elected pope; calling himself Gregory XII, he had a .... a corrupt cardinal named Baldassare Cossa was chosen as his successor to the Pisa papacy. The Medici had supported Cossa in his campaign to become cardinal and pope. Once in office, John XXIII made the Medici Bank the bank of the papacy Vatican News: Market Watch: Jesuits to open archive on Pius XII Vatican finances in the reign of Pius XII Pius XII founded Vatican Bank accused of hiding Nazi-money The Institute for Works of Religion was founded by Pope Pius XII in 1942. The institution is run like an Investment Bank for the Pope, and is commonly known as the Vatican Bank Banca dAmerica e dItalia Bank of America ^ The Bank of Italy in Italy was created in 1893 through the merger of 3 of the 6 banks at the time: Banca Nazionale nel Regno dItalia and 2 Tuscan banks. ^ The Bank of Italy was founded in San Francisco, CA, USA, in 1904 by Amadeo Giannini. It grew by a branch banking strategy to become the Bank of America, the worlds largest commercial bank with 493 branches in California and assets of $5 billion. ^ In 1918 another corporation, Bancitaly Corporation, was organized by A. P. Giannini, the largest stockholder of which was Stockholders Auxiliary Corporation. This company acquired the stocks of various banks located in New York City and certain foreign countries ^ In 1918 the Bank of Italy opened a Delegation in New York, to follow American political, economic and financial affairs more closely; together with the London Delegation, this was the first permanent overseas office opened by the Bank, at a time when the foundations were being laid for the restructuring of the international money market. ^ 1929 [...] -- The Vatican awards Knighthood in the Order of Malta to two San Franciscans, Transamerica Corporation President Amadeo Peter Giannini and American Trust Company and President John S. Drum, American Bankers Association. The knighthood is the oldest and most distinguished decoration of laymen conferred by the Catholic Church. ^ 2013 [...] -- Popes resignation surprises former ambassador to Holy See in Michelle D. Naples
Posted on: Tue, 19 Aug 2014 17:38:09 +0000
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