what kind of finks ask for presents?we never did, if asked we said bring a bottle over when you next visit

peter c, devizes, wessex

Mark's comments are offensive. It's immensley upsetting to think that our friends have collectively spent many thousands of pounds, which have vanished due to greed for HSBC and Wrapit's Directors. It is their loss, that is true but HSBC's shame. Join the protest tomorrow at 4 pm at HSBC 8 Canada Sq

Felix, London,

Why is everyone putting the blame on HSBC. Seems like poor management by the company and they are using the bank as an excuse.

Joe Morris, Gosport, UK

The finger of blame should only be pointed at WRAPIT and what can only be described as modern day theft. If you were a lender would you continue to bail out a company who had not made a profit for 6 years? It is about time they admitted their wrong-doings and paid the consequences - refunds/jail?

Alex Hunter, Reading, England

I am entertained by the selfish grooms above. Surely getting married, not getting a toaster, was the point. The people who should be most upset are the ones who paid for the presents. The recipients have not lost anything at all, apart from a bit of face in using a pretentious wedding service

Mark, London, UK

My new bride Sarah and I have been left devestated by this, I won't go as far to say that it has made getting married pointless but it has certtainly taken the shine off what was otherwise an excellent day

Mike Roberts, London, UK

So HSBC reckon these are the hardest financial markets for years. What they really mean is its not quite so easy to make pots of gold as usual.

As for falling profits, it appears €1m is due to their intransigent stance on Wrapit.

Most of the creditors money will end up in KPMG's bank account

Robert Kingsbury, Leeds, England

It's is, unfortunately, much more important that HSBC is a tough, solid bank and that ultimately HSBC DOES NOT FAIL than that shoddy merchants do not fail. Look at the amazing amounts of pain when a whole bank fails. Consumers have to start operating with eyes wide open. Buyer beware.

John, Salisbury, Dorset

Wrapit should be blamed for continuing to trade when they knew they were in trouble. The fact that they did not send donations directly to charities is appalling. My husband & I may not get our gifts but we're not "devastated". We weren't murdered on our honeymoon - let's keep things in perspective

JB, Harrogate,

This is a terrible shame, we used wrapit for our wedding list last year and they were superb, all presents delivered on time, no hastle for us or our guests, and a free bottle of champagne included with our delivery! Not sure what went wrong, but crdit where credit is due

Chris, Alton,

This adverse publicity will probably cost HSBC more than the three or four million they wanted to save.

Chris Claridge, Singapore,

This company was failing from 2006, when the UK economy was booming, and HSBC continued to support while it bled cash then. Giving wrapit more cash now to fufill orders (when they struggled to do that when they were fully operational) would lead to more problems. Sometimes enough is enough.

OJ, Hong Kong, Hong Kong

Thankfully I'm not affected by Wrapit's demise, but how did HSBC have no other choice when it would cost £1 million less to keep Wrapit afloat? I'm glad I don't bank with HSBC - over £5 billion profit - thanks to paying many of their workers buttons - and they're still complaining it's not enough.

David, London,

This is truly upsetting. HSBC attempted to ruin my honeymoon by their shocking service. Having cancelled all my accounts, I thought I'd escaped them. Unfortunately not - my wife is devestated that the vast majority of our gifts are absent, despite being married in February. Shame on HSBC.

NW, London, UK

HSBC are within their rights to hold this money as this was part of the contract based on the risk assessment of the company for the card processing which held true! harsh I know but that's how it works for everyone - try asking the airlines!

matty, frankfurt, germany