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(123doc) Unit 2 Bai Giang Anh Van Chuyen Nganh Tai Chinh Thu Vien Tai Lieu Tong Hop Com Unit 2
(123doc) Unit 2 Bai Giang Anh Van Chuyen Nganh Tai Chinh Thu Vien Tai Lieu Tong Hop Com Unit 2
Lead in
o What services would you expect a retail or commercial bank to offer?
o What is the difference between retail banking and investment banking?
o How do commercial banks make money?
3. 'He lent a few hundred million dollars each day to South American countries.' This is
an exaggeration. What other exaggerations or jokes can you find in the text ?
Discussion
Which area would you prefer to work in - commercial banking or investment banking? Why?
Vocabulary 1
You are going to read a passage of Peter Sinclair, talking about retail banking. Before
you read, check your understanding of the words and phrases in the box by matching
them with their definitions [1-7].
assets income national income trend
currency lucrative liabilities
2. Read again and look at the following statements. Are they true or false, according to
Peter Sinclair?
1. In the past, people used to keep more money in cash.
2. Because of retail banks, national income is increasing in developing countries.
3. Some people think that investment banking is more exciting than retail banking.
4. Investment banking is more profitable than retail banking.
5. There is more risk involved in investment banking than retail banking.
Discussion
• How has commercial or retail banking changed since the 1980s?
• How do you think it will develop in the next few years?
Discussion
Think about a bank's different delivery channels, or the different ways of banking.
What are the relative advantages and disadvantages of these for the customer?
Which types of customers are likely to prefer which delivery channels?
What are the relative benefits and disadvantages of the different channels for the bank?
Language focus
Likelihood and probability
1.In the Financial Times article, there are some predictions about retail banking trends
in the future. Look at the following sentences, which use phrases to show likelihood
and probability. Put the sentences [a-l] on the scale [1-5], and underline the word or
phrase that states the probability. One sentence has been done as an example.
1. certain (100%) 3. possible (≈50%) 4. improbable (<30%)
2. probable (>70%) 5. impossible (0%)
Discussion
In pairs, use some of the phrases from the Language focus above to make some predictions
about the future of:
telephone banking the stock market in your country
internet banking interest rates in your country
branch banking your language learning
small national and regional banks your company
universal banking your career
Example:
I may well go to the UK for an intensive language course next year.