Banking

After years of inertia, more than half of charities changed their bank in 2008, as trust in banks was shaken by the financial crisis.

Charity Finance runs an annual Charity Banking Survey each April, which looks at which banks are popular in the sector, their performance, and how proactive charities are in making key banking decisions.

Displaying 1 to 30 (of 140) | next | last » 12345

Malcolm Hayday, CEO, Charity Bank
News

Hayday to quit Charity Bank after ten years

Finance | Tania Mason | 6 Feb 2012

Malcolm Hayday has announced his intention to step down from Charity Bank, the social finance institution that he helped to set up ten years ago.



Include community finance support  in Treasury remit, says CDFA
News

Include community finance support in Treasury remit, says CDFA

Finance | Vibeka Mair | 1 Feb 2012

The Community Development Finance Association has called on government to enshrine support of community finance as an HM Treasury remit, as part of its new campaign to build the community finance sector.

Lloyds Banking Group withdraws charity credit cards
News

Lloyds Banking Group withdraws charity credit cards

Finance | 30 Jan 2012
Tags: Banking

The Halifax and the Bank of Scotland charity credit card are to be withdrawn by the end of February after owner Lloyds Banking Group decided the cards are not a cost-effective way of donating to charity.

Clare Gilhooly, Cambridge House chief executive
News

Cambridge House acquires Charity Business data

Finance | Tania Mason | 18 Jan 2012

London-based community development charity Cambridge House has taken possession of the electronic data of 48 clients of the wound-up outsourcing company Charity Business.

200 charities left in the lurch as Charity Business goes under
News

200 charities left in the lurch as Charity Business goes under 4

Finance | Tania Mason | 12 Jan 2012

Charity Business, the agency that provides outsourced financial back-office services, has ceased trading, leaving around 200 small and medium-sized charities without services and around 20 staff without jobs.




Government changes law to allow charities to join credit unions
News

Government changes law to allow charities to join credit unions 3

Finance | Vibeka Mair | 4 Jan 2012
Tags: Banking

Charities, social enterprises and community groups will be able to join a credit union from next week under changes made to the Credit Unions Act 1979.

£50m of loan funding available to Scottish charities to buy property
News

£50m of loan funding available to Scottish charities to buy property

Finance | Niki May Young | 8 Dec 2011

The Scottish Council for Voluntary Organisations has teamed up with the Unity Trust Bank to offer Scottish charities the chance to build third sector business centres.

John Low, CEO, CAF
News

Charity Bank and CAF Bank eschew merger but will collaborate more 1

Finance | Tania Mason | 30 Nov 2011

Charity Bank and its largest shareholder Charities Aid Foundation say they have considered but ruled out merging the bank with CAF Bank.

Malcolm Hayday, CEO, Charity Bank
News

Charity Bank applies to allocate profits to charity shareholders 2

Finance | Tania Mason | 29 Nov 2011

The Charity Commission is considering a request by Charity Bank to change its governing documents to allow it to distribute profits to its charitable shareholders, a decision that could have wider implications for all charitable companies.





Muhammad Yunus, Copyright of World Economic Forum
News

Micro-finance pioneer criticises others for exploiting the poor 4

Finance | Vibeka Mair | 24 Nov 2011

Muhammad Yunus, Nobel Peace Prize-winner and founder of micro-finance, has criticised micro-finance lenders who make big profits out of their lending, saying that micro-credit should not be about rich people making money out of the poor.

Charity banking: should we just close our eyes and hope for the best?
Blogs

Charity banking: should we just close our eyes and hope for the best?

Finance | Peter Mitchell | 3 Nov 2011
Tags: Banking

The banks are still in crisis, and it doesn't look set to change any time soon. How should your charity respond? Peter Mitchell, CAF Bank CEO, offers his advice.

Malcolm Hayday, CEO, Charity Bank
News

Charity Bank campaigns to get public to bank ethically

Finance | Tania Mason | 8 Sep 2011
Tags: Banking | Ethics

New research from Charity Bank suggests that 78 per cent of people don’t know where their savings are invested and 49 per cent don’t care.

Payments Council must work to protect cheques, says select committee
News

Payments Council must work to protect cheques, says select committee

Finance | Gareth Jones | 24 Aug 2011
Tags: Banking

The Treasury Select Committee has scolded the Payments Council for attempting to abolish cheques, and told it to ensure that banks do not attempt to abandon them by stealth.

Future of the Northern Rock Foundation uncertain
News

Future of the Northern Rock Foundation uncertain 1

Finance | Kirsty Weakley | 15 Aug 2011

Concerns have been raised about the future funding of the Northern Rock Foundation, as the new owner will not be obliged to support the Foundation when the Northern Rock Bank is privatised.

Big Lottery Fund handed first tranche of dormant bank account funds
News

Big Lottery Fund handed first tranche of dormant bank account funds

Finance | Kirsty Weakley | 3 Aug 2011

Big Lottery Fund has received the first £30m from dormant bank and building society accounts.

Malcolm Hayday, chief executive, Charity Bank
News

More people opting for social banking says Charity Bank

Finance | Kirsty Weakley | 1 Aug 2011
Tags: Banking

Figures from Charity Bank show deposits have grown by £6.3m in the first six months of this year as it records its first period of sustained profit.

CAF Bank customers offered affordable card payment terminals
News

CAF Bank customers offered affordable card payment terminals

Finance | Kirsty Weakley | 25 Jul 2011
Tags: Banking

CAF Bank has announced a partnership with payment solutions provider Cardsave Community to offer affordable card payment terminals to its 16,000 customers.

Victory for campaigners in battle to save cheques
News

Victory for campaigners in battle to save cheques 1

Finance | Gareth Jones | 12 Jul 2011
Tags: Banking

The Payments Council has withdrawn its plans to abolish cheques by 2018, promising to keep them “for as long as customers need them”.

Charity Bank loans £1.25m to YMCA branch
News

Charity Bank loans £1.25m to YMCA branch

Finance | Vibeka Mair | 4 Jul 2011
Tags: Banking

Charity Bank has lent £1.25m to YMCA London South West (LSW). The loan will assist with the acquisition of a long leasehold interest in Olympic House in Wimbledon.

Payments Council must propose paper-based alternative to cheques, says government
News

Payments Council must propose paper-based alternative to cheques, says government 4

Finance | Gareth Jones | 8 Jun 2011
Tags: Banking

The government is insisting that the Payments Council’s proposals for an alternative to cheques must include a paper-based system, Lord Sassoon has revealed.

Charity Banking Survey 2011: Take your pick
Surveys

Charity Banking Survey 2011: Take your pick

Finance | Diane Sim | 27 May 2011
Tags: Banking

The shake-up of the banking sector is expanding choice for charities, finds Diane Sim as she analyses the results of the 2011 Banking Survey.

Triodos bank increases lending by almost 20 per cent
News

Triodos bank increases lending by almost 20 per cent

Finance | Kirsty Weakley | 23 May 2011
Tags: Banking

Ethical and social bank Triodos has attributed an 18.5 per cent growth in lending to a rise in demand from the social sector.

David McHattie takes over as head of charities at Barclays Corporate
News

New head of charities at Barclays Corporate

Finance | Niki May Young | 18 May 2011

Barclays Corporate has appointed its head of social housing, David McHattie as the new head of charities, replacing Jon Mosscrop.

Banks should be the ‘engine for social action’ in Big Society, says independent Commission
News

Banks should be the ‘engine for social action’ in Big Society, says independent Commission 1

Finance | Niki May Young | 16 May 2011

Organisations with a social purpose are “constrained by the shape of financial services in the UK”, warns the Commission on Big Society as it recommends the government encourage banks to act as the “engine for social action”, in its report launched today.

CAF Bank extends services in Scotland
News

CAF Bank extends services in Scotland

Finance | Kirsty Weakley | 16 May 2011
Tags: Banking

CAF Bank customers in Scotland are now able to pay in funds over the counter at the 320 Royal Bank of Scotland branches north of the border.

86 per cent of CAF Bank deposits made by cheque
News

86 per cent of CAF Bank deposits made by cheque

Finance | Gareth Jones | 9 May 2011

CAF Bank has moved to demonstrate the charity sector’s reliance on cheques by revealing that it received 1.7 million cheques worth £471m in the 2010/11 financial year.

CAF Bank launches a debit card for charities
News

CAF Bank launches a debit card for charities

Finance | Vibeka Mair | 18 Apr 2011
Tags: Banking

CAF Bank, the not-for-profit bank owned by the Charities Aid Foundation (CAF), has launched the CAF Bank MasterCard debit card for charities.

Omagh Community House
News

Omagh Credit Union makes six-figure deposit in Charity Bank

Finance | Tania Mason | 12 Apr 2011
Tags: Banking

Charity Bank has received a “six-figure” deposit from Omagh Credit Union, continuing an association between the two organisations which has already seen the bank help to fund a landmark community centre  built on the site of the 1998 bombing.

Nigel Kershaw, chief executive, Big Issue Invest
News

Big Issue Invest announces plans to create a social bank

Finance | Vibeka Mair | 28 Mar 2011

Big Issue Invest has announced a long-term vision to become a social merchant bank providing a full range of finance for the social enterprise sector.

CAF enables its first overseas loan
News

CAF enables its first overseas loan

Finance | Vibeka Mair | 24 Mar 2011
Tags: Banking

The Charities Aid Foundation (CAF) has processed its first overseas loan on behalf of CAF donor Roger Ross, who has lent £1m to the World Peace Festival taking place in Berlin this summer.

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