NevGroom
10-10-2007, 11:30 AM
The crisis continues - The knock on from the US sub-prime market hits Japan.
In the last 7 days Origami Bank has folded, Sumo Financial has gone belly up and Bonsai Bank plans to cutback some of its branches.
Yesterday it was announced that Karaoke Bank is up for sale and will go for a song.
Today shares in Kamikaze Bank were suspended after they nose-dived and ultimately crashed while 500 back-office staff at Karate Bank also got the chop.
Analysts also report that there is something fishy going on at Sushi Bank and with redundancies likely staff fear they will get a raw deal.
In the last 7 days Origami Bank has folded, Sumo Financial has gone belly up and Bonsai Bank plans to cutback some of its branches.
Yesterday it was announced that Karaoke Bank is up for sale and will go for a song.
Today shares in Kamikaze Bank were suspended after they nose-dived and ultimately crashed while 500 back-office staff at Karate Bank also got the chop.
Analysts also report that there is something fishy going on at Sushi Bank and with redundancies likely staff fear they will get a raw deal.