BUSINESSApr 29 · 11:38 UTCTHE GUARDIAN WORLDMark Sweney

Barclay brothers avoid bankruptcy after deal with HSBC over £143m debt

Aidan and Howard Barclay, former owners of the Daily and Sunday Telegraph, avoided bankruptcy after settling a £143m debt with HSBC. HSBC withdrew legal proceedings against them at a high court hearing, following their loss of the Telegraph in 2023 due to a £1.16bn debt to Lloyds Bank.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Aidan and Howard BarclaypersonHSBCorganizationLloyds BankorganizationDaily and Sunday Telegraphorganization

Spot something wrong with this article?Report a problem →

Forward this