Update on the Banking crisis – latest news from 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 7 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 likely go for a song.
Today, shares in Kamikaze Bank were suspended after they nose-dived and Samurai Bank is soldiering on following sharp cutback. Ninja Bank is reported to have taken a hit, but they remain in the black.
In late news, 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.
Where will it all end? (Er, the jokes, I mean!)
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