Charities warn of huge cuts as banks slash gift-giving | News: "London charities have warned they face devastating cutbacks in support from the City amid the world financial turmoil.
Once-wealthy American investment banks were among the most generous of givers but they are now reining back their charitable programmes after being caught at the centre of the crisis.
As the financial institutions lay off thousands of staff, charity experts say it would be hard for them to justify philanthropic giving."
Wednesday, October 01, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment