Global Financial Crisis Silver Lining: European Banks Commit Funding for Social Enterprise

The recent financial crisis has led to banks in Ireland expanding funding for social enterprise.  Now the UK banks are poised to follow suit.

In late November London’s Financial Times reported that Britain’s banks could commit  £1.5bn to Prime Minister’s David Cameron’s  “Big Society Bank” as part of a “charm offensive” to “end the war between politicians and bankers that has raged since the crash of 2008.” Leading the project is John Varley, chief executive of Barclays.
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