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The best private banks in 2008

The best private banks in 2008

An informative guide for high net-worth individuals on the range of service providers that are available

Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

August 2006

Social enterprise funding: Fallow deposits may bear fruit





By Zach Fuchs

For all its boldness, the idea is quite simple. Round up all the assets lying fallow in abandoned UK bank accounts and create from them an independent financial institution to drive growth in social enterprise.

The social sector, comprising private enterprises working to better the community, suffers from chronic undercapitalization. Social enterprises are averse to borrowing but lack the profit stream that would make equity financing attractive. How to bridge the financing gap?


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