Banco Ambrosiano

Banco Ambrosiano was an Italian bank that collapsed in 1982. At the centre of the bank's failure was its chairman, Roberto Calvi and his membership in the illegal Masonic Lodge Propaganda Due (aka P2). Vatican Bank was Banco Ambrosiano's main shareholder, and the death of Pope John Paul I in 1978 is rumored to be linked to the Ambrosiano scandal. Vatican Bank was also accused of funneling covert United States funds to Solidarity and the Contras through Banco Ambrosiano.

Members

  • Franco Ratti, chairman.
  • Carlo Canesi, senior manager then chairman of Banco Ambrosiano Holding starting from 1965.
  • Roberto Calvi, general manager of Banco Ambrosiano since 1971, appointed chairman from 1975 to his death in June 1982. He was often referred to as "God's Banker" because of his close financial ties with the Vatican.
  • Paul Marcinkus, president of Vatican Bank (aka "Istituto per le Opere di Religione"), had been a director of Ambrosiano Overseas, based in Nassau, Bahamas.
  • Carlo De Benedetti became deputy-chairman for less than two months, after Roberto Calvi's trial.
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