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The phrase “lessons will be learned” is one you are going to hear quite a lot of moving forward, much more so when it comes to the Government backed loan schemes, and yesterday it was rolled out several times during a Public Accounts Committee meeting in which they had sat before them a couple of hapless bosses of the British Business Bank. […]

Many of you are more than aware of the stunts that Tide pulled with their Bounce Back Loan scheme, dodgy waiting lists, running out of money, bagging a £25m BCR Grant etc, well now they have stuck two fingers up to the few customers who managed to get a BBL from them, telling them they can do one and get stuffed if they think they are going to get access to the Pay As You Grow Options that Rishi Sunak has said are automatic and so easy to get. […]

It appears that HSBC have certainly been telling huge, big lies to their customers, in fact I have now received a plethora of complaints about them which are similar to my experience with that Pound Shop Bank. They are offering cash compensation to make the problem go away but are also offering “beathing space” for those they have messed about which is […]

It is good to see some decent bank staff out their finally admitting the Bounce Back Loan scheme, even at this stage of the game with repayments now due is messed up, and Barclays employees are admitting just that, HSBC on the other hand though are now double checking Kinetic account BBL’ers and closing some of those accounts and demanding repayment of many BBLs acquired through those accounts too, take a look at the letters they are sending out. […]

I had the chance to speak to one senior banker who will remain anonymous yesterday, who has given me a little bit more insight into the problems they are facing with Bounce Back Loans and is happy for me to share his revelations and insights with you. […]