The high fees and interest racked up by bank customers when their accounts go into deficit drop significantly when they are automatically signed up for alerts warning they’re heading into the red, new research has found. In Britain, where the research was done, that adds up to potential annual customer savings of £170-240 million Low-income customers are among those who benefit most.

Five proposals for Clusters of Excellence win funding in the German federal competition / Clusters in the fields of aging research, astrophysics, plant sciences, quantum research and economics will receive funding

The University of Konstanz's Cluster of Excellence "The Politics of Inequality" will continue to receive funding in the context of the German Excellence Strategy. The focus of the second funding phase will be on the question of how it can be prevented that inequality in society develops into a self-reinforcing process.