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And authority itself kept stalling in its own huge bad conscience.
Its banking arm, hit by huge bad debts after taking over another mutual lender, is having to bring in American hedge funds as outside shareholders, because its parent movement was unable to rescue it alone.
Having lent trillions of dollars to homeowners, developers, and condo-flippers who were busy inflating the largest housing bubble in recent American history, many financial institutions are saddled with huge bad debts.
The big write-offs usually come as the economy slows and unemployment, bankruptcies, defaults and repossessions rise: 'To have such huge bad debts even before the economic slowdown has taken hold is unusual in the extreme,' he says.
And entering other businesses will almost certainly take banks' eyes off their real problem: tiny lending margins and huge bad loans.Heading for the exitSo when savers pull money out of deposits, it will lead, at best, to consolidation in the banking industry or, at worst, to a financial crisis.
The border authorities were the typical blokes from "the other side": huge, bad tempered guys with scars and killer glances.
Similar(51)
Vowing to settle Japan's huge bad-loan crisis, he warned that no bank was too large to fail.
But on past form, the banks may simply use an infusion of cash to keep lending to weak companies, and once again duck the country's huge bad-debt problem.
Since they were allowed to operate under weak supervision, too many of the banks went on lending sprees that left them with huge bad-loan portfolios after the crisis.
There had been huge, bad-tempered gatherings in Glasgow and Manchester which would culminate in July 1866 in the Hyde Park riots, during which every railing was torn up and the police pelted with missiles.
The government promised a "hands-off" approach to Resona, suggesting the usual temporary fix rather than a long-overdue radical attack on the banking sector's huge bad-loan problem.See article: The troubling rescue of Japan's fifth-biggest bankWestLB reported a pre-tax annual loss of euro1.7 billion ($1.6 billion).
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