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Due to a technical glitch, thousands of U.K. government small- to medium-sized business SMB loans to HSBC customers were sent under incorrect names, BBC News reported.In one instance, a customer named Cesar Basanta said he had been waiting weeks on a 50,000 pound $62,800 bounce back loan, which had been made in his name rather than hi
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stanley cup BC News reported.In response, HSBC has said it working on the problem and that customers won ;t be held liable. The bank has been writing to customers who accepted the loans in their own names in order to make changes.In April, when government financial aid to help with the pandemic was announced, banks were instructed to skip asking for personal guarantees for loans below 250,000 pounds $314,000 . But the mix-up has not been well-received by those like Basanta, who told BBC News that waiting so long had not been a help for him.He said when he opened the letter regarding the loan and saw it addressed to him, he hadn ;t wanted to use it due to fearing he ;d be personally liable. He told BBC News that the loan was definitely for his business and not him as a person. But the letter from HSBC maintains that borrowers are responsible for repaying the whole loan, according to the document seen by BBC News.The U.K. Bounce Back Loans Scheme BBLS began in May, allowing for loans up to 50,000 pounds, available in a simpler and easier manner than the comparable Coronavirus Business Inte Holw MoneyLion Intros Crypto Trading with $1M Prize Before IPO
Uber is blaming a rise in the minimum wage for its decision to boost prices in New York City.In a statement to Bloomberg, Uber announced it will hike up the price of trips in New York City starting Friday Feb. 1 beca
gourde stanley use of the new minimum wage rule. While a spokesperson wouldn ;t disclose how much the price would go up, the company did reveal that since it now has to pay drivers for their return trips when traveling outside the city, some out-of-town far
stanley france es will be subject to a surcharge.聽In addition to the price increase, passengers in most of Manhattan will start paying $2.75 more per trip, and 75 cents per trip for group rides, which are separate state congestion surcharges.As for its drivers, Uber may axe certain bonus pay offers. And starting in May, its premium Uber Black service will only be offered to drivers with a customer rating of at least a 4.85 out of 5, while in September the service will be restricted to drivers with a vehicle from a small list of options.The wage rule, passed in December by the NYC Taxi and Limousine Commission, awarded drivers minimum pay of $17.22 an hour. Both Lyft and Juno filed lawsuits this week in an attempt to block the rule. A hearing is scheduled for March, and in the meantime Judge Andrea Masley has given the companies the option of placing additional pay in escrow until her decision.Uber isn ;t fighting the new wage rule, adding we do not intend to hold back any portion of drivers earnings. Shame on Lyft
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