Banco Ambrosiano

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Banco Ambrosiano

Former head office in Milan
Company type	Finance and insurance
Industry	Banking Financial services
Founded	1896
Defunct	1982
Fate	Insolvency Banco Ambrosiano's banking subsidiaries were placed into the receivership of the Banca d'Italia. Nuovo Banco Ambrosiano was created to succeed the bank
Successor	Nuovo Banco Ambrosiano
Headquarters	Largo Bortolo Belotti, Milan
Key people	Giuseppe Tovini (Founder) Roberto Calvi (Chairman)
Products	Retail banking Commercial banking Investment banking Investment management Private equity
Subsidiaries	Ambrosiano Overseas Banco Ambrosiano Holding

Banco Ambrosiano was an Italian bank that was established in 1896 and collapsed in 1982. The Vatican-based Institute for the Works of Religion, commonly known as the Vatican Bank, was Banco Ambrosiano's main shareholder. The Vatican Bank was accused of funnelling covert United States funds to the Polish trade union Solidarity and to the Nicaraguan Contras through Banco Ambrosiano.^[1]