More Financial bad news
Financial uncertainty hits Japanese Banks.
Financial Times 26 September 2008
Following the problems in the sub-prime lending market in America and the
run on Northern Rock 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 us up for sale and will likely
go for 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 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 Building Society where it is
feared staff may get a raw deal.
__________________
Its better to have fussed and crabbed then never to have fussed at all - Lucy
|
Linear Mode
