May 7, 2020 / 7:27 AM / 22 days ago

UK parliament tells Barclays CEO: explain emergency business loans delays

FILE PHOTO: The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/File Photo

LONDON (Reuters) - The British parliament’s treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses.

“Many businesses are facing a day to day struggle to survive,” Mel Stride, chair of the Treasury Committee, said. He wrote a letter to Matt Hammerstein seeking an explanation.

“As Barclays customers still seem to be facing issues and new ones may have arisen, I have asked Barclays to explain what is happening, and what it is doing to fix any issues that have arisen.”

Reporting by Guy Faulconbridge; editing by Michael Holden

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