
HSBC Ordered to Pay £150 for Bounce Back Loan Approval Delay, Ombudsman Upholds Complaint

A director’s failure to repay a £25,000 HSBC Bounce Back Loan, with no clear record of its use, has led to a 6-year ban. Discover how liquidators struggled to trace the missing funds in this case. […]
Santander declined a Bounce Back Loan, demanding turnover proof after 20 months. The Ombudsman dismissed the complaint, upholding the bank’s right to verify. […]
A Harrogate director who claimed a £198,200 turnover—when it was just £2,301—to secure a £49,550 HSBC Bounce Back Loan faces a 10-year ban. Learn how this ineligible Bounce Back Loan led to penalties. […]
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