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- 11 June, 2023
Vatican Bank reports increased profit, recovery of stolen funds
The Institute for the Works of Religion, often referred to as the Vatican Bank, made a net profit of 29.6 million euros (about $A47.5 million) in 2022, a 63 per cent increase from the profit reported in the previous year (18.1 million euros), according to its annual report. Source: NCR Online.
Chalmers taps banks and super to fix social disadvantage
Federal Treasurer Jim Chalmers is working on plans to attract banks and superannuation funds to set up a social impact investing fund in the May Budget to tackle “entrenched disadvantage”. Source: Australian Financial Review.
Vinnies welcomes new protections for vulnerable consumers
The St Vincent de Paul Society has welcomed the Senate’s passage of reforms to protect consumers from spiralling debt through payday loans and consumer leases.
Vatican offers guidelines for ethical investing
No investment of money is morally neutral; “either God’s kingdom is being advanced by the assets we deploy, or it is being neglected and undermined”, said a new Vatican document. Source: Franciscan Media.