FTSE 100
Dow Jones

Friday, 10 October 2008

That Japanese banking crisis in full

Following the problems in the sub-prime lending market in America and the run on banks in the UK, uncertainty has now hit Japan.

In the last week Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Karaoke Bank has been put up for sale and is likely to go for a song, while in early trading today shares in Kamikaze Bank nose-dived.

Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but remains in the black. In further news, 500 staff have been chopped at Karate Bank and there are reports of something fishy going on at Sushi Bank where unions fear that staff may get a raw deal.

No comments: