
HSBC Ordered to Reinstate Bounce Back Loan and Return Funds After Unfair Debanking, Ombudsman Upholds Complaint

A director faces a 7-year ban after exaggerating turnover to fraudulently obtain a £50,000 HSBC Bounce Back Loan, far exceeding his £2,610 entitlement. […]
HSBC’s prolonged delays in granting account access prevented a timely Bounce Back Loan. The Ombudsman upheld the complaint, ordering compensation for the bank’s errors. […]
HSBC denied an account after weeks of delay, blocking a Bounce Back Loan. The Ombudsman dismissed the complaint, citing the bank’s right to refuse. […]
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