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Credit Crunch and Japanese Banks
Posted on: Friday 10 October 2008
A humourous look at the impact of the credit crunch on Japanese banks. Thank you to Colin Pearson of Solv Finance
Just in case you are not aware of the effect that Northern Rock's problems is having on Japan's banks, I can confirm that Origami Bank has folded, Sumo Bank has gone belly up, Bonsai Bank is cutting its branches and trading in the Kamikaze Bank has ceased after its shares nose dived. At the Karate Bank 500 employees have been given the chop.
Analysts also report that something fishy is happening at the Sushi Bank as customers are getting a raw deal.