Раздел 6. Финансовые операции.
Тема 11. Банк (Banking)
Text
The next day the session was devoted to the United Kingdom
Banking Sector.
Here is the short summary of the lecture:
| The UK Banking Sector |
| Retail Banks | 21 |
| Discount Houses | 8 |
| British Merchant Banks | 31 |
| Other British Banks | 167 |
| American Banks | 44 |
| Japanese Banks | 29 |
| Other Overseas Banks | 290 |
| Total | 590 |
| In addition there are 92 Building Societies |
Retail Banks: They render numerous services for private customers and have extensive branch networks in the UK. They participate dnectly in the UK clearing system.
Discount Houses: They are mostly engaged in discounting bills of exchange for the corporate sector.
British Merchant Banks: These are wholesale banks handling big money for private and corporate customers. They are engaged in mergers, take-overs and acquisitions. They also provide consulting services.
Other British Banks: Comprise all other UK registered banking institutions and certain banks in the Channel Islands and the Isle of Man. They are controlled by UK companies or individuals.
American Banks: Comprise the branches and subsidiaries of US banks.
Japanese Banks: Comprise the branches and subsisdiaries of banks based in Japan.
Overseas Banks: Comprise the branches and subsidiaries of non- American or non- Japanese banks and Consortium banks. These are jointly owned by other financial institutions, one of which must be based overseas.
Building Societies: In the past they mostly extended mortgage loans, but nowadays they also widely practice taking in deposits and they practically operate as banks.
Words and expressions
| twenty | двадцать (числ.) |
| banking | банковское дело |
| The lecture was devoted to banking. | Лекция была посвящена банковскому делу |
| retail | розничный |
| retail bank | банк, обслуживающий мелких клиентов |
| discount | скидка; учет (векселей) |
| merchantучетный дом — фирма/банк, занимающийся учетом векселей и операциями на денежном рынке discount house | купец |
| merchant bank | торговый банк — банк, специализирующийся на финансировании внешней торговли, а также на операциях на рынке капиталов, организации слияний и поглощений фирм и предприятий, различных консультационных услугах |
| thirty one | тридцать один (числ.) |
| one hundred and sixty seven | сто шестьдесят семь (числ.) |
| Japanese | японский |
| overseas | за морем, зарубежом, за границей |
| two hundred and ninety | двести девяносто (числ ) |
| total | общий, итоговый; итог, итого |
| five hundred and ninety | пятьсот девяносто (числ ) |
| to build (built, built) | строить |
| society | общество |
| building society | строительное общество — учреждение, специализирующееся на привлечении сбережений населения и кредитовании жилищного строительства |
| to render | оказывать |
| numerous | многочисленный |
| services | услуги |
| extensive | обширный |
| branch | отделение, ветвь |
| networks | сеть |
| branch networks | сеть отделений |
| extensive branch networks | разветвленная, широкая сеть отделений |
| to participate | участвовать |
| clearing | клиринг — расчеты путем взаимного зачета требований (платежей) |
| clearing system | клиринговая система |
| to be engaged in something | заниматься чем-либо |
| to discount | учитывать |
| bill | вексель, банкнота, документ о признании долга |
| to discount bills | учитывать вексели |
| bill of exchange | переводный вексель — приказ выплатить предьявителю определенную сумму |
| corporate | корпоративный — отно |
|
| сящийся к компаниям |
| wholesale | оптовый |
| wholesale bank | оптовый банк — банк, специализирующийся на крупных операциях |
| money | деньги |
| merger | слияние двух или более компаний для образования одной новой |
| take-over | поглощение одной компанией другой (часто вопреки ее желанию) |
| acquisition | приобретение |
| to comprise | включить |
| certain | определенный |
| the Channel | пролив Ла-Манш |
| island | остров |
| Isle of Man | остров Мэн |
| subsidiary | филиал |
| to be based | находиться |
| consortium | консорциум |
| jointly | совместно |
| to own | владеть |
| to be owned by somebody | находиться во владении кого-либо |
| to extend | простираться |
| loan | кредит |
| to extend a load | предоставлять кредит |
| mortgage | ипотека, ипотечный кредит — передача кредитору права на недвижимость в качестве залога за полученную ссуду |
| nowadays | сейчас |
| widely | широко |
| to practice doing something | использовать практику чего-либо |
| deposit | депозит — 1) вклад денег в кредитном учреждении; 2) краткосрочная межбанковская ссуда |
| to take in deposits | принимать депозит |
| to operate | работать; управлять |
| to operate as banks | работать как банк |
|
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Exercises
1. Read the following:
| • the next day in the past other banks | • the Channel Islands the Isle of Man the United Kingdom the corporate sector |
• They are engaged in mergers.
They are engaged in take-overs.
They are engaged in acquisitions.
They are mostly engaged in discounting bills.
• Here is the short summary of the lecture.
There are ninety-two building societies in the UK.
These are wholesale banks.
2. Find answers in the text and read these sentences:
To what topic was the lecture devoted?
How many retail banks are there in Britain?
How many discount houses are there?
How many merchant banks are there?
How many other British banks are there?
What foreign banks are located in the UK?
How many building societies are there in Britain?
2. Translate into Russian:
| • banking | • merchant banks |
| banking sector | overseas banks |
| retail banks | building societies |
| discount houses | clearing system |
| to discount bills | acquisition |
| private customer | consulting services |
| corporate customer | branch |
| corporate sector | subsidiary |
| merger | mortgage |
| take-over | mortgage loan |
4. Match terms and definitions:
| retail banks | banks extending mortgage loans, taking in deposits and providing other banking services |
| discount houses | banks serving private customers |
| merchant banks | banks serving private and corporate customers with big money |
| building societies | banks discounting bills of exchange |
5. Complete as in the text:
There are a few types of foreign banks based in Britain. They are American, Japanese and other overseas banks.
American banks ...
Japanese banks ...
Overseas banks ...
6. Insert articles:
... next day ... session was devoted to ... United Kingdom Banking Sector. Here is ... short summary of... lecture.
... UK Banking Sector comprises retail banks, discount houses, merchant banks, foreign banks, building societies and other banks.
7. Insert prepositions:
Retail banks render numerous services ... private customers and have extensive branch networks ... the UK. They participate directly ... the UK clearing system.
Merchant banks are wholesale banks. They handle big money ... private and corporate customers. They are engaged ... mergers, takeovers and acquisitions.
8. Complete the sentences:
Discount houses are mostly engaged in discounting ...
American banks comprise the branches ...
Japanese banks comprise ...
In the past British building societies mostly extended mortgage ... but nowadays they also ... as banks.
9. Underline the verbs and translate the sentences into Russian:
Other British banks comprise all other banking institutions registered in the UK and banks in a few islands. They are controlled by UK companies or individuals. Overseas banks are foreign banks excluding (исключая) American and Japanese banks. They comprise the branches and subsidiaries of those banks and Consortium banks too. All these banks are owned by other financial institutions. One of the owners of every bank must be based overseas.
10. Role play:
Imagine you are the lecturer. Speak on the types of banks in Great Britain.
11. Agree or disagree:
Types of banks in Russia are similar to those in Great Britain.
12. Say what you know about commercial banks in Russia.
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