FINANCIAL INSTITUTIONS PROFESSIONAL ENGLISH IN USE FOR FINANCE

 

PROFESSIONAL ENGLISH IN USE FOR FINANCE 21. FINANCIAL INSTITUTIONS

 

A Types of financial institution These are a student’s notes from a lecture about banking. B Deregulation The financial industry changed radically in 1980s and 90s when it was deregulated. C Specialized banks Other types of banks still have specialized functions: • central banks issue currency and carry out the government’s financial policy • private banks manage the assets of rich people or high net worth individual.   EXERCISES 21.1 Find words in A and B opposite with the following meanings. 1 a company offering financial services. 2 the money a company uses, raised by way of shares and bonds. 3 when two formerly separate companies agree to join together. 21.2 Before financial deregulation, which types of financial institutions did these types of business? Look at A opposite to help you. 1 arranging mergers 2 offering life insurance 3 issuing shares and bonds 21.3 The extracts below are from websites. Which types of banks do the websites belong to? Look at A and C opposite to help you. 1 The Federal Reserve was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. 2 We provide a full range of products and services, including advising on corporate strategy and structure, and raising capital in equity and debt markets. 3 How can we help you? We can: Build a long-term, one-to-one relationship with your banker. Manage your family’s diverse business and personal assets. Build a portfolio tailored to your family’s unique needs. Play an active role in managing your assets.

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