Tokyo (AP) Following problems in the sub-prime lending market in the USA and the run on Northern Rock and BB in UK, uncertainty has now hit Japan.
In the last 7 days Orgami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank 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 share at Kamikaze Bankwere suspended after they nose-dived. While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to to have taken a hit, but they remain in the black Furthermore, 500 staff at Karate Bank got the chop and analysts report there is there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.
