May 7, 2020 / 7:22 AM / 18 days ago

UK parliament tells Barclays CEO: explain emergency business loans delays

FILE PHOTO: The logo of Barclays is seen on the top of one of its branch in Madrid, Spain, March 22, 2016. REUTERS/Sergio Perez

LONDON (Reuters) - The British parliament’s treasury committee chairman has told the chief executive of Barclays (BARC.L) 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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