Investment Banks
Investment banks help organizations use investment markets. For example, when a company wants to raise money by issuing stocks or bonds, an investment bank helps it through the process. Investment banks also consult on mergers and acquisitions.
They work primarily in the investment markets and do not take customer deposits. However, some large investment banks also serve as commercial banks or retail banks, which is why they are discussed here.
Online Banks
Online banks are banks that you primarily (or exclusively) use on the Internet. They allow the customer more choice and flexibility. Online banks often offer better rates than physical banks. They claim they do not have the overhead and expenses associated with brick-and-mortar banks, which allows them to pass the savings on to you.
These banks offer most of the same services that retail banks offer. However, keep these points in mind when dealing with online banks:
Obtain and retain the physical address and telephone number of the bank in the event there is a problem.
XI. Translate the words and word-combinations according to the text.
payments and transactions
to accommodate a large volume
credit card payments
to provide services
choice and flexibility
online banks
foreign exchange
capital purchases
retail banks
to pass the savings
current account
saving account
XII. Match the equivalents of the following words.
1.savings and loans а. грошовий акредитив
2.medical coasts b. відновлювати (лагодити) будинок
3.home repairs c. велика кількість
4.to offer car loans d. заощадження і позики
5.large volume e. готівковий депозит
6.cash deposits f. витрати на медицину
7.letters of credit g. нерухоме майно
8.real estate h. пропонувати позику на купівлю авто
XIII. Match the synonyms.
accommodate a. amount
overheads b. current account
miscellaneous c. contain
volume d. stocks
retail banks e. credit facility
checking account f. expenses
loan g. credit
credit line h. serving individuals
bonds i. varied
XIV. Complete the sentences.
1.Savings banks, savings and loans, cooperative banks and credit unions are ____________________.
2.Each originally concentrated on _________________.
3.Saving banks were originally founded in order _____________.
4.Credit unions were usually started by people who _______________.
5.The credit unions main function was ______________.
6.Commercial banks usually provide basic services such as _____________.
7.A retail bank works with ________________.
8.Investing banks help _______________.
9.They also consult _________________.
10. They work primarily in the investment markets and ____________.
11. Investment banks also serve as ________________.
Online banks are __________________.
Online banks often offer ______________.
However, keep these points in mind when dealing with online banks: obtain and retain _____________.