Sub prime problems hit Japanese Banks

Discussion in 'Chit Chat' started by Equalizer, Nov 28, 2007.

  1. Following the problems in the sub-prime lending market in America and the
    run on Northern Rock Building Society in the UK, uncertainty has now hit
    Japan .

    In the last 7 days 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.

    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.
  2. maxpi


    I heard that Samurai was slashing costs!!
  3. And miso bank is hot.