Exercises. The next day the session was devoted to the United Kingdom Banking Sector

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
Discount Houses
British Merchant Banks
Other British Banks
American Banks
Japanese Banks
Other Overseas Banks
Total
In addition there are 92 Building Societies

à 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.

à Discount Houses: They are mostly engaged in discounting bills of exchange for the corporate sector.

à 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.

à 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.

à American Banks: Comprise the branches and subsidiaries of US banks.

à Japanese Banks: Comprise the branches and subsisdiaries of banks based in Japan.

à 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.

à 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)
discount house		учетный дом — фирма/банк, занимающийся учетом векселей и операциями на денежном рынке
merchant	[мёчент]	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	[джэпэниз]	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)	[билд, билт]	строить
society	[сэсайэти]	общество
building society		строительное общество — учреждение, специализирующееся на привлечении сбережений населения и кредитовании жилищного строительства
to render		оказывать
numerous	[ньюмерэс]	многочисленный
services		услуги
extensive		обширный
branch		отделение, ветвь
networks	[нэтуоркс]	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 — относящийся к компаниям
wholesale	[хоулсэйл]	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	[экуизишн]	приобретение
to comprise		включить
certain		определенный
the Channel		пролив Ла-Манш
island		остров
Isle of Man		остров Мэн
subsidiary	[s@b'sIdj@rI]	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	[могидж]	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

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?

3. 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.

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