Word: milan
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...Blackfriars Bridge, his toes just touching the surface of the muddy Thames. The dead man's pockets contained some $13,000 in various currencies, as well as 12 lbs. of bricks and stones. He was identified as Roberto Calvi, 62, the president of Banco Ambrosiano of Milan, the largest private banking group in Italy, with operations in 15 countries. Authorities in Italy, in the Vatican and throughout the international banking community were stunned by the news. Calvi, who had disappeared mysteriously from Italy a week earlier, was the architect of a financial house of cards, and his death brought...
...Bank of Italy ordered him to put his confusing array of banks under the single name of Ambrosiano. Some Italians also became nervous about another Calvi acquisition: his purchase of 40% interest in Italy's 73-year-old Rizzoli publishing company and with it a piece of the Milan-based Corriere della Sera, Italy's largest, most respected daily newspaper. Businessmen who were already uneasy about Calvi's connections with the Vatican feared that he might turn the independent Corriere to his own purposes, perhaps to punish his enemies with unfavorable coverage or commentary. Some Italians believe...
...biggest Italian bank scandals of modern times last week got bigger. Struggling to unravel the mystery surrounding $1.2 billion to $1.4 billion missing from Milan's Banco Ambrosiano, Italy's eleventh largest bank, and the apparent suicide in June of its president, Roberto Calvi, Italian authorities tried to serve notice on three of the top officials of the Vatican bank that they were under investigation for possible bank fraud. Among them was American-born Archbishop Paul Marcinkus, 60, the president of the bank, which is officially known as the Institute per le Opere di Religione (I.O.R.), or Institute...
...very center of the scandal is Archbishop Paul C. Marcinkus, the American-born president of the Institute for Religious Works, the so-called Vatican Bank. Investigators now know that Marcinkus played a part, perhaps unwittingly, in a huge loan scheme that could bring down the Milan-based Banco Ambrosiano, Italy's eleventh largest bank...
Just one day before Calvi's body was discovered, his personal secretary jumped to her death from a fourth-floor window in the bank's headquarters in Milan. She left behind a note that said Calvi should be "twice cursed for the damage he caused to the bank and all its employees...