The rise in TSF was driven by increases in bank loans, corporate bond issuance, and trust loans.
Moreover, the current credit boom through trust loans and bond issuance will heighten financial risks in the economy.
In 2012, total credit financing grew 20%, with trust loans up 80%, FX loans up 27% and bond financing increasing 45%.
The goal is to sell five products to each customer, be they trust services, loans or cash management.
His cousin, Mary Bucksbaum Scanlon, sued the family trust and its attorneys last year, alleging they mismanaged the trust by allowing the loans, among other things.
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The European idea is to get around that lack of trust by promising banks that loans they make to other banks will now be guaranteed by the governments.
Small firms find it hard to get loans or do not trust the high-street banks to stick with them if their businesses run into trouble.
China has adopted the model of America's Resolution Trust Corporation, which took on the loans of bankrupt savings-and-loan companies.
Is it that banks don't trust their other banks to pay the loans back or is it they don't actually have money to lend?
Mr. Bucksbaum also has pledged that his own portion of a family trust will incur all losses from the loans to the two executives.
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This was the cornerstone of a new financial-services division, also selling personal loans, insurance and unit-trust investments.
The banks were calling in their loans, but the investment-trust companies were flush with cash so the chaebol tapped them instead.
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On April 1st Mr Nakabo becomes head of Japan's version of the Resolution Trust Corporation, the company set up to recover loans made by America's Savings-and-Loans institutions.
Calder succeeds chairman Keith Cousins, who took over in 2006 from a supporters' trust and has now quit the club, reportedly writing off his loans.
Through its banking subsidiaries, Whitney engages in commercial and retail banking and in trust business, including the taking of deposits, the making of secured and unsecured loans, the financing of commercial transactions, the issuance of credit cards, the delivery of corporate, pension and personal trust services, investment services and safe deposit rentals.
All were patterned after the Resolution Trust Co. set up by the U.S. in the 1980s savings and loans crisis.
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