And since these institutions still have to pay interest on deposits but have vast portfolios of loans that are in default, their losses tend to pile up quickly.
Now, to avoid financial collapse, he has given up a vast portfolio of real estate holdings.
His family almost never let go of a property once it was in their vast portfolio, and rarely ventured outside New York for real estate projects.
In 2011, Kodak reportedly explored selling off or licensing its vast portfolio of patents in order to stave off bankruptcy.
Any suggestion the nine-year-old architects' plan is out of date will be dismissed by the owners, who recognise AFL's vast portfolio in stadium design.
The new markets were born, he said, because computer systems can calculate the value of vast portfolios and communicate information in a flash.
By the middle of the 19th century, the Rothschilds had evolved from traders into fund managers, carefully tending to their own vast portfolio of government bonds.
No compilation of her works exist due to copyright issues, but she owns a vast portfolio.
Palmer then opened a luxury hotel, Palmer House and invested in real estate, eventually owning a vast portfolio of properties.
Dell will gain access to I.B.M.'s vast portfolio of patents as part of the arrangement.