HSBC Archives - Page 11 of 45 - Mr Bounce Back - Bounce Back Loan News - Updates

Ombudsman Agrees That HSBC Asking a Club Treasurer to Apply for a Bounce Back Loan Making a False Declaration Was Shockingly Wrong and Tells Them to Pay Compensation

April 1, 2022

Today’s case will have you choking on your coffee, as it exposes the depraved depths that HSBC went to when their Bounce Back Loan scheme was live. In today’s case they told a Club Treasurer to make a false declaration when applying for a BBL which could have left that person open to accusations of fraud, further down the line. […]

Ombudsman Deems £500 is Fair Compensation for HSBC Dangling an Untouchable 50k Account Balance in Front of a Bounce Back Loan Customer for 6 Months Than Pulling it Back Due to a Confusion Over His Business Turnover Figure

March 31, 2022

In today’s case Jenny Lomax an Ombudsman at the Financial Ombudsman Service gives her ruling on one of many of HSBC Bounce Back Loan related complaints she and her colleagues have received. […]

Belinda Knight an Ombudsman at the Financial Ombudsman Service Confirms It Is Not the Banks Job to Check What a Business Owner Spent Their Bounce Back Loan On

March 28, 2022

When compiling my facts, figures, and additional information regarding Bounce Back Loans I often stumble across plenty of little nuggets that some organisations associated with that scheme release. Take for example the case that is outlined in a recent Ombudsman ruling regarding an […]

HSBC Admit Account Applications Did “Drop Off Their System” and End Up Bunging a Business Owner Who Wanted an Account and a BBL, the Latter They Were Not Entitled to £200 Which The FOS Deem Adequate

March 13, 2022

So many complaints about Bounce Back Loans have been working their way through the Financial Ombudsman Service system, it is hard to keep up, but today I present to you another one regarding HSBC.
It is interesting the bank admits that account applications did drop off their system, something many people did experience when the scheme was live, and as you will […]

How NatWest, HSBC, Lloyds, and Santander Got the Greenlight from the Financial Ombudsman Service To Decline SME’s Applications for Bounce Back Loans

March 8, 2022

I have four recent Financial Ombudsman Service (FOS) outcomes for you to peruse today, all of which relate to NatWest, HSBC, Lloyds and Santander’s treatment of SMEs who applied for a Bounce Back Loan with those banks, the FOS sided with the banks on each case. Keep in mind that the London Law Firm are still awaiting an outcome to their legal challenge on BBLs from […]