Once the dust finally settles on the Bounce Back Loan scheme, the credit loss to the Government and in turn the taxpayer from that scheme will be massive, much more so as stories like this one continue to come to light. […]
It has been a quiet week for BBL related Company Director Disqualifications, however, as sure as night follows day they are rolling in again, and here is one chap who is now starting an 11 year ban. […]
You may be aware that some people are receiving letters from their Bounce Back Loan Lender seeking clarification on the original turnover figures used to apply for their BBL. Here is Karl Reid, Head of Lending UK Commercial Banking, HSBC saying they are allowing those that they suspect over-egged their turnover to repay those loans as normal as long as they didn’t commit much more serious “fraud”. […]
Watch as Karl Reid, Head of Lending UK Commercial Banking, HSBC explains just how good/bad his banks Bounce Back Loan Book is performing on how they are handling arrears and defaults. I will leave it up to you as to whether he is telling the complete truth […]
I watched four bank bosses being quizzed about the Bounce Back Loan scheme yesterday, and from the lacklustre grilling of them by members of the Public Accounts Committee, I get the feeling the MP’s that make up that Committee have given up trying to make sense of that loan scheme. […]
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