
HSBC Ordered to Pay Compensation for Misleading on Bounce Back Loan Turnover, Ombudsman Upholds Complaint

A director who inflated turnover to secure a £50,000 HSBC Bounce Back Loan and transferred it to his personal account now faces a 9-year ban. Discover how this blatant misuse was uncovered during liquidation. […]
HSBC demanded a Bounce Back Loan repayment, citing a redacted agreement. The Ombudsman dismissed the complaint, reversing an initial ruling in favour of HSBC’s terms. […]
NatWest’s system failure led to a wrongful Bounce Back Loan default. The Ombudsman upheld the complaint, ordering reinstatement and significantly increased compensation for the bank’s error. […]
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