Bankchek, an organisation which looks into bank overcharging, has reported that National Westminster Bank has been overcharging interest to many of its business customers who exceed their overdraft limits. The organisation claims that before the period 1991/2, the banks – including major culprit NatWest – had been charging interest rates “far in excess of those agreed in the facility letters [contracts], unknown to many customers and certainly without their consent”. While the banks admit it was essential to agree such rates with the customer in advance, there is strong evidence that this was not done, alleges Bankchek. The findings are revealed in an analysis of facility letters that existed between businessmen and their banks prior to 1991/2.
The design studio has renamed the funeral comparison service Beyond, giving it a new identity centred around a three-dimensional, cartoon man, which looks to counter the “sunsets, flowers and doves”
A new, independent magazine celebrating classic graphic symbols has launched, based on a popular Instagram account created by a London-based designer.
The charity has published its second Design Economy report, which looks at the value of the industry and who makes it up. While design contributes £85bn to the economy, there
D&AD’s annual student and graduate awards sees 194 recipients of its coveted pencil prizes this year, with a campaign for the housing crisis taking the top spot.