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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
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
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