vocabulaire anglais banque bank
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vocabulaire anglais banque bank

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2 pages
Français

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vocabulaire anglais banque bank

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Nombre de lectures 1 729
Langue Français

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Types of banks
Complete the text using these words :
(1
Central banks
)
supervise the banking system ; fix the minimum interest rate ; issue
bank notes ; control the money supply ; influence exchange rates ; and act as lender of last
resort.
(2)
:
commercial banks, retail banks
are businesses that trade in money. They receive
and hold deposits in current and savings accounts, pay money according to customers’
instructions, lend money and offer investment advice, foreign exchange facilities, and so on.
In some countries such as England these banks have branches in all major towns, in other
countries there are small regional banks. Under American law, for example, banks can operate
in only one state. Some countries have banks that were originally confined to a single
industry, e.g. the Crédit Agricole in France, but these now have a
much wider customer base.
In some European countries, notably Germany, Austria and Switzerland, there are
universal
banks
:
which combine deposit and loan banking with share and bond dealing,
investment advice etc….
Yet these banks usually form a subsidiary known as
finance houses
to lend money
-
at several per cent over the base lending rate
-
for hire purchase or
instalment credit, that is loans to customers that are repaid in regular, equal monthly amounts.
In Britain, the USA and Japan, however, there is, or used to be, a strict separation between
commercial banks and banks that do stockbroking or bond dealing. Thus in Britain, (5)
:
merchant banks
specialise in raising funds for industry on the various financial markets,
financing international trade, issuing and underwriting securities, dealing with take-overs and
mergers, issuing government bonds and so on. They also offer stockbroking and portfolio
management services to rich corporate and individual clients.
investment banks
in the USA are similar, but they can only act as intermediaries offering
advisory services and do not offer loans themselves.
Yet despite the Glass-Steagall Act in the USA, and Article 65, imposed by the Americans in
Japan in 1945, which enforce this separation, the distinction between commercial and
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