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Responses from UK banks to Treasury Committee request for details around opening business accounts

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Published on: 28 May 2021

Published by LNB News

LNB News 28/05/2021

Document Information

Issue Date: 28 May 2021

Published Date: 28 May 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

HSBC, Lloyds and Barclays have provided responses to the Treasury Committee’s request to find out more about the state of the business current account market in light of changes that have occurred since the start of the pandemic. The Treasury Committee confirmed that small and medium sized businesses in particular had reported facing difficulties and delays in opening new business current accounts during the coronavirus (COVID-19) pandemic.

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