Financial Update from Japan
Following the problems with Lehmann Bros and in the sub-prime lending market in America and the run on Northern Rock, HBOS and Bradford & Bingley in the UK,uncertainty has now hit Japan.
In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up andBonsai Bank announced plans to cut some of its branches.
Yesterday, it was announced that Karaoke Bank is up for sale and will likely gofor a song, while today shares in Kamikaze Bank were suspended after they nose-dived.
While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank isreported to have taken a hit, but they remain in the black.
Furthermore, 500 staff at Karate Bank got the chop and analysts report thatthere is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.
Cheap humor, yeah, but I thought it was pretty cute. Cheers to Loz for sending this!
In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up andBonsai Bank announced plans to cut some of its branches.
Yesterday, it was announced that Karaoke Bank is up for sale and will likely gofor a song, while today shares in Kamikaze Bank were suspended after they nose-dived.
While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank isreported to have taken a hit, but they remain in the black.
Furthermore, 500 staff at Karate Bank got the chop and analysts report thatthere is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.
Cheap humor, yeah, but I thought it was pretty cute. Cheers to Loz for sending this!
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