Vatican Bank

Bank of the Vatican City State, officially known as the Institute of Religious Works (IOR).

In 1982 Roberto Calvi, known as ‘God's banker’ because of his ties with the Vatican, was found hanged under a London bridge shortly before the collapse of the Banco Ambrosiano, the Italian bank of which he was chair. Warrants were issued in Italy against three Vatican Bank executives held responsible for the crash. The warrants were annulled 1987 because the affairs of the Vatican Bank are outside Italian jurisdiction.