
Financial Ombudsman Rules Lloyds Bank Provided a Customer an Unaffordable Business Overdraft, But Finds No Fault in Their Approval of a Bounce Back Loan Three Times Larger 12 Months Later, Citing the Flawed Design of the BBL Scheme

Lloyds defaulted Bounce Back Loans by sending demands to outdated addresses, failing to update records. […]
Artur Kaleta, a Polish director of Kaleta Ltd, faces a nine-year ban after overstating his company’s turnover to secure a £50,000 Lloyds Bank Bounce Back Loan, exposed by pursuing insolvency. […]
Aklilu Kebede Wurga, director of Haw Private Hire Limited, faces a 10-year ban after claiming a £225,000 turnover, despite zero turnover and dormant accounts, to secure a £50,000 Lloyds Bank Bounce Back Loan. […]
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