After the failures of two banks in March, the U.S. government has taken steps to prevent similar failures and the risks such failures would present to the economy. The precarious situation illustrates what one Catholic commentator described as the need for government and banks to take seriously the "solemn obligation" of prudence in banking policy for the sake of society's common good.

VATICAN CITY - The Institute for the Works of Religion, commonly known as the Vatican bank, showed a large jump in profits in 2014 as it continued to winnow its accounts.

VATICAN CITY - A number of Catholic parishes in Italy are set for a management overall, following a new training program launched May 5 between the Villanova School of Business in the United States and the Pontifical Lateran University in Rome.

TORONTO - The long hours thousands upon thousands of volunteers spend repacking food and stocking shelves in their parish food banks aren’t solving the problem of hunger, claims a union-and-Church-backed campaign demanding governments raise social assistance and minimum wage rates.

VATICAN CITY - One week after publishing highlights of its 2013 financial statement, the Institute for the Works of Religion -- commonly called the Vatican bank -- released a 107-page, detailed financial report for the year.

VATICAN CITY - The Vatican’s financial watchdog has reported a dramatic increase in suspicious transactions at the Vatican bank, but officials sought to downplay any rise in criminal activity.

TORONTO - When Mark Siolek read an article about a bar owner purchasing confessionals from the Archdiocese of Buffalo to be used in bathrooms, his stomach turned.