Subject: Sub Prime.
I got this email from a confidential source in the City:
"The knock on from the US sub-prime market in Japan shows no signs of
letting up.
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."
I got this email from a confidential source in the City:
"The knock on from the US sub-prime market in Japan shows no signs of
letting up.
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."