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Social Investment Bank Edit
First Charity Oriented Bank

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Social Investment Bank - First Charity Oriented Bank
First Charity Oriented Bank
 Published: Mar 17, 07
Comments: 1 Views: 2,076

The Commission on Unclaimed Assets in United Kingdom have released a report, in which they assure that there is currently an amount between £400 million and £4 billion of unclaimed assets, sitting in dormant bank accounts in the UK. Sir Ronald Cohen (the man in the picture), who chairs the Commission, suggested the creation of a new financial institution to battle poverty and social exclusion, and fund charity investements based on those unclaimed assets.

Those existing funds would be used as security against which it could raise finance to support charitable causes. On the other hand savers would still be free to claim back their money at any time, and in the meanwhile the investments would generate an estimated 3% of return to be used in more charity projects. Great idea, specially for a bank isn’t it?

References:  news.independent

Filed In:  charity,  lifestyle,  social








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FOUR WAYS TO REACT: vote, favorite, add more examples of Social Investment Bank or comment about First Charity Oriented Bank.

rocketranger on Mar 18, 07  0 Trends   2,582 Comments
Hello BofA. Nice. For all banks OR Fund SpaceIslandGroup.com Miscl projects in TrendHunter.com Combat poverty Improve cities etc alone it could be used in the UK. More jobs=more taxes. Wow.
rocketranger on Mar 18, 07  0 Trends   2,582 Comments 0


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Social Investment Bank