HSBC files bankruptcy petition against Aidan and Howard Barclay, seeking to recover over £140m. Barclays’ business empire unravels due to debt reliance, forced to surrender control of assets. HSBC seeks to recoup £143.5m from collapsed Logistics Group parent company. Barclays sell assets due to debt pressures, give up Yodel and Very Group. Telegraph facing £278m black hole in finances under Barclays’ stewardship. Investigations ongoing. Accusations of Telegraph suppressing negative HSBC stories under Barclays’ ownership.

Read more at Yahoo Finance: Barclay brothers hit with HSBC bankruptcy petition