Sub-prime Banking Crisis hits Japan

[Kay]

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 is 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 are soldiering on following sharp cutbacks, Ninja Bank are 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.
There is also concern over the fate of Kimono Bank which, it is believed, has been hung out to dry, whilst Ming Bank fear this to be the end of a dynasty.
However; and on a positive note, Rickshaw Bank say they have put wheels in motion to prevent the situation completely running away with them.

Kay

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