Hayday to quit Charity Bank after ten years
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.
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.
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.
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.
The Halifax and the Bank of Scotland charity credit card are to be withdrawn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.
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.
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.
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.
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.
Charity Bank and its largest shareholder Charities Aid Foundation say they have considered but ruled out merging the bank with CAF Bank.
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, 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.
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.
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.
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.
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 has received the first £30m from dormant bank and building society accounts.
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 has announced a partnership with payment solutions provider Cardsave Community to offer affordable card payment terminals to its 16,000 customers.
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 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.
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
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.
Ethical and social bank Triodos has attributed an 18.5 per cent growth in lending to a rise in demand from the social sector.
Barclays Corporate has appointed its head of social housing, David McHattie as the new head of charities, replacing Jon Mosscrop.
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 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.
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, the not-for-profit bank owned by the Charities Aid Foundation (CAF), has launched the CAF Bank MasterCard debit card for charities.
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.
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.
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.