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Italian authorities issued an arrest warrant for Gianluigi Torzi, an Italian broker who served as the middleman in the Vatican's majority stake purchase of a property in London's posh Chelsea district.

ROME – I’ve got a small story to tell here, one of no great import or particular news value. Yet big pictures are woven from small details, and, in this case, it’s not a pretty picture to behold.

Pope Francis celebrated a private Mass on Holy Thursday with Cardinal Angelo Becciu, the former prefect of the Congregation for Saints' Causes who was forced to resign amid an investigation into suspected financial malfeasance.

Signaling further reforms of the Vatican City State penal code, particularly when it comes to financial crimes, Pope Francis said the laws must reflect "the equality of all members of the church" by doing away with "privileges that go back in time and are no longer in keeping with the responsibility of each for building up of the church."

In 10 episodes, one each month, we bring you a video with the Pope's reflections and first-hand testimonies of families from across the world on the theme of the family.

With the need to reduce costs and make sure employees are not laid off, Pope Francis has approved pay cuts for cardinals, clergy, religious and upper management officials who work in the Roman Curia and other Vatican entities.

Revenue shortfalls and a current budget deficit require increased efficiency, transparency and creativity while working to continue to fully carry out the mission of the universal church, said the head of the Vatican's economic office.

For 2020, the Vatican ran a deficit of $60 million (the data is reported in Euro, so that’s 49.7 million Euro). The total income for the year was $315 million and expenses came to $375 million, hence the deficit.

A former president of the Vatican bank and his lawyer were found guilty of money laundering and embezzling millions of euros from property sales.

The Vatican announced on Monday that the trial of an Italian woman for alleged embezzlement would begin soon.

Cardinal Angelo Becciu, who was asked by the pope to resign and renounce the rights and privileges of a cardinal in September, denied that money for the deal was taken from Peter's Pence and said that it was taken from a fund within the Secretariat of State. However, when asked by a journalist Sept. 25 if the money in the Secretariat of State fund came from Peter's Pence, Cardinal Becciu said, "Yes."

Currently the Vatican is juggling several significant predicaments on the financial front. Not only is the Holy See looking down the barrel of a $60 million deficit for 2020, but it also faces a looming pension crisis caused in part by the fact that the Vatican is over-staffed relative to its resources and struggles to meet payroll, let alone setting aside a reserve for when these employees retire.

The Vatican’s Promoter of Justice is seeking an eight-year jail term for a former president of the Institute for Religious Works, according to Italian media reports.

Pope Francis approved new changes to the Vatican's financial watchdog agency concerning its internal governance, hiring procedures and its role as a "supervisory" body.

Pope Francis on Saturday approved the new Statute of the Financial Information Authority (FIA), changing its name to Supervisory and Financial Information Authority (ASIF). The Statute redefines the role of its administrators and distributes some internal competencies.

Vatican investigators have been granted full access to Swiss banking documentation related to long-time Vatican investment manager Enrico Crasso and Cardinal Becciu.

Cardinal Angelo Becciu, who was forced to resign due to allegations of financial malfeasance, filed a lawsuit against an Italian magazine, claiming it ruined his reputation, which resulted in him losing his chance at becoming pope.

A Vatican bishop said this week that a committee of outside professionals is being created to help keep Holy See investments both ethical and profitable.

Cardinal Angelo Becciu said Wednesday he is taking legal action against an Italian media outlet for publishing “unfounded accusations” against him.

My advice? Don’t read any insta-analysis of the report from 8:00 a.m. tomorrow until at least a few hours later. Anyone who purports to have digested the whole thing before then isn’t being serious.