HSBC

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

ThHSBC’s eight-month delay in processing a feeder account prevented a Bounce Back Loan. The Ombudsman upheld the complaint, awarding £500, though eligibility was questionable. […]

HSBC Ordered to Pay £100 for Ignoring Amended Bounce Back Loan Application, Ombudsman Upholds Complaint

HSBC dismissed an amended Bounce Back Loan application as a duplicate without review. The Ombudsman upheld the complaint, awarding £100 for the bank’s oversight. […]

6-Year Ban for Director’s Missing £17k Bounce Back Loan Records

A business owner’s claim of “lost” records to hide the use of a £17,225 HSBC Bounce Back Loan has earned a 6-year ban. Delve into the suspicious excuse that failed to fool liquidators. […]

HSBC’s failure to update an error-ridden Bounce Back Loan database hindered a customer’s loan application elsewhere. The Ombudsman upheld the complaint, awarding £400.

It became apparent to many people that the so called BBL database that was set up many weeks after the BBL scheme was launched to add another level of protection to banks against fraudulent and duplicate applications was error riddled. This case somewhat proves that beyond all reasonable doubt. […]

HSBC Ordered to Replicate Bounce Back Loan for Application Errors, Ombudsman Upholds Complaint

HSBC’s errors prevented a customer from securing a Bounce Back Loan. The Ombudsman upheld the complaint, ordering a replica loan post-scheme closure for the bank’s mistakes. […]

8-Year Ban for Director’s £50k Bounce Back Loan Overreach

A director who fraudulently obtained a £50,000 HSBC Bounce Back Loan when eligible for just £10,000 has been banned for 8 years. Dive into the details of this audacious financial overreach. […]

Four Directors Banned for Misusing Bounce Back Loans from HSBC and Lloyds for Home Decor, Personal Debt, and Crypto Trading

Four Bounce Back Loans from HSBC and Lloyds went sour, with one used for home decor, another secured through turnover lies for personal debt, and two for cryptocurrency trading. […]