
HSBC Ordered to Pay £500 for Feeder Account Delay Blocking Bounce Back Loan, Ombudsman Upholds Complaint

A Birmingham director who overstated turnover to secure a £50,000 HSBC Bounce Back Loan, then failed to account for £49,000, faces an 11-year ban. Dive into the enigma of this missing money. […]
HM Government set up a very shady/seedy little scheme whereby anyone declined a business loan would be asked, by the bank that declined them, would they like their details passed over to one of three “Government approved portals” who may help them get a business loan. […]
A director faces an 11-year ban after fraudulently obtaining two Bounce Back Loans—one from Lloyds Bank and one from HSBC—for his single company, violating the scheme’s single-loan rule. […]
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