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NCVO in emergency talks with Treasury as charities fear £120m lost
By Andy Ricketts, Third Sector Online, 10 October 2008
The Icelandic banking crisis could cost the sector £120m, the NCVO and Cass Business School have warned.
The organisations came up with the estimate, which is understood to be a conservative figure, after it emerged a number of charities were holding large deposits in failed banks in Iceland. The NCVO is due to have an emergency meeting at the Treasury this afternoon to call on the Government...
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