With anywhere between £400 million and £4 billion of unclaimed assets sitting in dormant bank accounts in the UK, the Commission on Unclaimed Assets was formed two years ago to...

With anywhere between £400 million and £4 billion of unclaimed assets sitting in dormant bank accounts in the UK, the Commission on Unclaimed Assets was formed two years ago to to figure out what to do with all that cash.  Sir Ronald Cohen, Chairman of the Commission, has called for the launch of a new financial institution that could use the unclaimed money to invest in charitable organizations.

The Independent writes:

The bank would use the dormant-account cash as security against which it could raise finance to support charitable causes, but savers would still be free to claim back their money at any time.

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