Chinedu Iroka
Social Member
The Vatican invested in risky derivatives on Hertz using donated funds, a report says - New Telegraph
The Vatican used charitable proceeds to buy derivatives that bet on the creditworthiness of car-rental firm Hertz, the Financial Times reported Thursday. According to a document seen by the FT, part of the Vatican's $621 million portfolio was used to buy credit default swaps, which offered...
www.newtelegraphng.com