TOKYO — In view of the current difficult investment times please check your portfolio for Japanese bank stocks. The knock-on effect from the Northern Rock Bank is being severely felt in the Japanese market and shows no sign of letting up.
In the last seven days, Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank has announced plans to cutback some of its branches.
Yesterday it was announced that Karaoke Bank is up for sale and more than likely will go for a song. Today, shares in Kamikaze Bank were suspended after they nosedived. Also, 500 back-office staff at Karate Bank got the chop.
Analysts report there is something fishy going on at Sushi Bank and staff fear they may get a raw deal.
No comments:
Post a Comment