[BITList] Bank Worries

[John Feltham]

NOT THE NAB ( we hope ) - [National Australia Bank]



Following the problems with Lehmann Bros and others in the US sub- 
prime lending market and the runs on Northern Rock HMOS  and Bradford  
and Bingley  in the UK uncertainty has now hit Japan.

In the last few days Tokyo’s Origami Bank has folded, Sumo Bank has  
gone belly up and Bonsai Investments announced plans to cut Branches..

Yesterday it was reported that Karaoke City Bank is up for sale and  
likely to go for a song, while today shares in Kamikaze nose dived .

Yokohama based Samurai Bank is soldiering on following sharp cutbacks,  
Ninja Bank is reported to have taken a hit , but they remain in the  
black.

Further more 540 staff at  Nagasaki’s Karate Bank got the chop and  
financial analysts suspect that something fishy is going on at Sushi  
Bank where it is feared that staff will get a raw deal .



AAP Reuters February 2009