Big Banks Are Too Stingy, Says Watchdog

Thursday, January 3, 2013

The philanthropic track record at Bank of America, Goldman Sachs, JPMorgan Chase and Wells Fargo is “lackluster,” according to a new report from the National Committee for Responsive Philanthropy. Representatives of the banks disputed the report’s claims.

While the nation’s largest banks have used their charity to deflect criticism in the wake of the financial crisis, their actual philanthropic track record is “lackluster,” according to a new report from the National Committee for Responsive Philanthropy...

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