HSBC Set Up a Ltd Company’s BBL in the Directors Personal Name – Something They Have Done a HUGE Number of Times – Ombudsman Say They Cant Change It Due to the Harebrained Rules of the Scheme and Awards Him £250 – Its Defaulted Now Anyway, So I Doubt They Will Get Anything Back

An Amlwch director who overstated turnover to secure two £50,000 HSBC Bounce Back Loans for his businesses faces a 12-year ban. Learn how this double fraud led to significant losses. […]

Santander seized a Bounce Back Loan after failing to verify self-declared turnover. The Ombudsman dismissed the complaint, upholding the bank’s verification process. […]

Barclays declined a sole trader’s Bounce Back Loan and closed his account. The Ombudsman upheld the complaint, affirming the bank’s £200 compensation for the mishandling. […]