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

A director who exploited an “accounting records loophole” to obscure the fate of a £50,000 HSBC Bounce Back Loan faces a 6-year ban. Discover how this tactic led to a lighter penalty despite liquidation losses. […]
A Barclays customer claimed a Bounce Back Loan was fraudulently transferred. The Ombudsman dismissed the complaint, finding phone calls indicated customer involvement. […]
HBarclays required a tax return for a Bounce Back Loan, not mentioned on the British Business Bank website. The Ombudsman dismissed the complaint, citing unlisted rules. […]
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