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For its part, Blackstone put up about $100 million, or 12 percent of the value of the shipping portfolio, to cover any possible losses.
Citigroup was able to reduce by roughly 90 percent the amount of capital it needed to set aside to cover losses on the shipping portfolio.
About a quarter of its €18.3 billion shipping portfolio is non-performing; it is expected to take a charge against lending in Detroit when it next reports results.Analysts want Commerzbank to keep shedding these "non-core" assets, which stood at €151 billion at the end of 2012.
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It does not necessarily follow that these banks will face losses on their shipping portfolios.
Then, to right the ship, portfolio manager Eric Harthun bulked up on energy (its largest holding is ExxonMobil ), just in time for that sector's recent decline.
Web businesses such as blurb.com and myprintfolio.com will print and ship your portfolio to you as a hard-cover book.
HP already is shipping the broadest portfolio of software-defined servers, storage and networks.
Whereas the banks that have historically financed shipping value their portfolios only once or twice a year, fund investors expect at least monthly valuations.
On one side was Mr. Bollore, who had assembled a $4 billion portfolio of shipping, manufacturing and tobacco interests.
It is quite a fight: Bollor, 48, the fierce, self-made dealmaker who assembled a portfolio in shipping, manufacturing and tobacco with combined sales of $3.5 billion, versus David-Weill, 19 years older, the supercilious aristocrat who professes to be unconcerned by this arriviste.
Banks with large portfolios of shipping loans "are just not taking the hits," he said.
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