HSBC, Deutsche Bank Circle Barclay Heirs Owing £160 Million

The sons of the late tycoon David Barclay, who built one of the UK’s largest fortunes with his twin brother, are facing bankruptcy demands and civil claims as banks owed around £160 million ($219 million) pursue the trio through the courts.

On Tuesday, lawyers for HSBC Holdings Plc told a London court that the two older sons, Aidan and Howard Barclay, owe the bank £140 million, stemming from the personal guarantees that they gave. Just last week attorneys at Deutsche Bank AG said Alistair Barclay had outstanding debts of between £18 million and £26 million.