Bounce Back Loan Defaulter Discounts Bring Relief, with Reports of Generous Settlements Sparking Joy
Forced Liquidation
NatWest Joins Barclays, Lloyds, and Starling in High Court Push to Wind Up Companies with Government-Backed Loans – Is Your Business on the List?
NatWest has filed a series of High Court winding-up petitions targeting companies suspected of misusing government-backed loans, following similar moves by Barclays, Lloyds, and Starling Bank. With a surge in recent filings, businesses are urged to check if they’re named in these legal actions, as the clampdown on loan misconduct intensifies. […]
Special Reports
Bounce Back Loan Taxpayer Liability Falls by £18 Billion Due to Defaulter Discounts, Partial Repayments, Account Seizures, Compensation, and Full Repayments
Taxpayer costs for the Bounce Back Loan scheme plummet by £18 billion, driven by discounts, partial repayments, account seizures, and full loan settlements. […]
Special Reports
The UK Financial Intelligence Unit Shares Insights on Suspicious Activity Reports and Efforts to Combat Organised Crime Groups Involved in Fraud Within the Bounce Back Loan Scheme and Covid Business Grant Schemes
The UK Financial Intelligence Unit reveals how suspicious activity reports help tackle organized crime in Bounce Back Loan and Covid grant fraud. […]