Friday, December 05, 2008



Sub-prime problems hit 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, while
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.

……but looking on the bright side, growth at the Shitake Bank has mushroomed.

No comments:

Recent Comments

Previously on UpNaira