Banks and Finance

Banks A bank is an institution which deal with finances Types of banks Retail banks Investment banks Central banks Online banks

Services Variety of accounts (current, savings, building society account) Term deposits Cash machine ATM E- banking, mobile banking Providing loans and mortgages Foreign currency exchange

Stock Market Stock markets / stock exchange/ bourse London in a financial part: City New York: Wall Street Products Securities (bonds, shares/stocks, commercial paper)

Personal Investing Savings account at a building society Shares in investments companies Contributions into a private pension

Wrongdoing Related to Finance Bribery – illegal way of convincing someone to do something A corrupt person – someone who accepts a bribe Corruption informal name is sleaze Money laundering – to conceal the illegal finance background

Sources MASCULL, B. Business Vocabulary in Use Intermediate. CUP 2006. 78, 80, 88 ps. ISBN 9780521775298.