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Banks and Finance
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Banks A bank is an institution which deal with finances Types of banks
Retail banks Investment banks Central banks Online banks
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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
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Stock Market Stock markets / stock exchange/ bourse
London in a financial part: City New York: Wall Street Products Securities (bonds, shares/stocks, commercial paper)
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Personal Investing Savings account at a building society
Shares in investments companies Contributions into a private pension
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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
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Sources MASCULL, B. Business Vocabulary in Use Intermediate. CUP , 80, 88 ps. ISBN
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