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Banking Crisis
Following
problems in the sub-prime lending market in America and the government’s
support for the UK banking sector, uncertainty has now hit Japan. In
the last few days the Origami Bank has folded, Sumo Bank has gone belly up
and Bonsai Bank announced plans to cut some of its branches. The
Karaoke Bank is up for sale and will likely go for a song and 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 have been given 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. |