Bank failures in Japan
Following the problems in the sub-prime lending market in America and
The run on HBOS in the UK, uncertainty has now hit Japan.
In the last seven hours
Origami Bank has folded,
Sumo Bank has gone belly up, and
Bonsai Bank announced plans to cut some of its branches.
Yesterday, it was announced that
Karaoke Bank is up for sale and will most likely go for a song.
Today shares in Kamikaze Bank were suspended after they nose-dived.
Samurai Bank is soldiering on following sharp cutbacks;
Ninja Bank is reported to have taken a hit, but they remain in the
black.
Furthermore, 500 staff at Karate Bank got the chop and
analysts report that there is something fishy going on at Sushi Bank
where it is feared that staff may get a raw deal.