#Calvi
3 entries tagged Calvi.
People (1)
- Paul Marcinkus Archbishop Paul Marcinkus was the American-born president of the Vatican Bank (IOR) from 1971 to 1989 who authorized the bank's participation in Roberto Calvi's Banco Ambrosiano offshore shell company network and the Michele Sindona transactions, avoided Italian prosecution for nine years by remaining within Vatican sovereign territory, and returned to the United States in 1991 never having faced trial.
Organizations (2)
- Banco Ambrosiano Banco Ambrosiano was Italy's largest private bank, founded in Milan in 1896, whose chairman Roberto Calvi used a network of Vatican Bank-guaranteed offshore shell companies to export $1.3 billion from the bank before its June 1982 collapse - the largest bank failure in Italian history - which coincided with Calvi's death under London's Blackfriars Bridge.
- Vatican Bank The Vatican Bank (Instituto per le Opere di Religione, IOR) is the Holy See's financial institution, whose sovereign immunity from Italian banking regulation made it a vehicle for the P2-connected financial operations of Michele Sindona and Roberto Calvi, resulting in the Banco Ambrosiano collapse and a $244 million settlement with international creditors in 1984.