Tuesday, October 14, 2008

Crisis in Japanese Banks

Following the problems with Lehmann Bros and the sub-prime lendingmarket in the USA 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 Kamikazi Bank were suspended after they nose-dived.

While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bankis 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.

5 comments:

Anonymous said...

Those banks with cute names, Origami folding up; sushi getting fishy and smelly striking some RAW deal illegally....

Anonymous said...

Some big UK insurance companies are facing trouble

Khiat Han Hwee Adrian said...

Thats why one company is publishing big, telling people to trust local brand. He may have some insider news...

Anonymous said...

He is exploiting and hinting that other companies are going bust.It is dangerous to hint.He is climbing over dead bodies.He has no morals.He thrives on others' misery.

Khiat Han Hwee Adrian said...

Hi Anonymous 9:19,

He is not that bad. Don't say until like this. This is just a marketing strategy. Nothing to do with morals or thriving on miseries.