
HSBC Ordered to Pay £250 for Issuing Bounce Back Loan in Director’s Name, Ombudsman Upholds Complaint

InA company director has been disqualified for 12 years after fraudulently obtaining two Bounce Back Loans from Metro Bank and HSBC, totalling £97,000, and using them to pay home rent and invest in cryptocurrency. […]
HSBC denied a Bounce Back Loan, citing an incorrect account type after initial approval. The Ombudsman dismissed the complaint, despite impacts on subsequent applications. […]
Directors who used Bounce Back Loans for personal vacations face bans for fund misuse. […]
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