Credit Crunch
Posted: Wed Mar 26, 2008 10:05 am
Following problems in the sub prime lending market in the States and its devastating effect on Northern Rock and Bear Stearns, uncertainty has now hit Japan.
In the last 7 days the famous Origami Bank has folded. Sumo Bank has gone belly up and the 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.
Today shares in Kamikaze Bank were suspended after they nose dived and 1000 staff at Karate Bank got the chop.
Analysts report there is something fishy going on at Sushi Bank where it's feared customers may get a raw deal.
In the last 7 days the famous Origami Bank has folded. Sumo Bank has gone belly up and the 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.
Today shares in Kamikaze Bank were suspended after they nose dived and 1000 staff at Karate Bank got the chop.
Analysts report there is something fishy going on at Sushi Bank where it's feared customers may get a raw deal.