Activity Read the information given in A, B, c sections and translate words and word combinations

Discussion
Which area would you prefer to work in - commercial banking or investment banking? Why?
Activity 2.
A. You are going to listen to Peter Sinclair, talking about retail banking. Before you listen, 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

1. 
   a general development or change in a situation or in people’s behaviour
   
2. 
   all the money received by a person during a particular period
   
3. 
   anything of value owned by a business; for a bank, the loans it has made
   
4. 
   money that a company will have to pay to someone else one day; for a bank, its deposits
   
5. 
   profitable (describes an activity that makes a profit)
   
6. 
   the money earned by a country’s people in a particular period
   
7. 
   the money used in a particular country
   

B. Listen to Peter Sinclair talking about retail banking. According to what he says, is retail banking in decline? (T.17)
C. Listen again and look at the following statements. Are they true or false, according to Peter Sinclair?(T.17)

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?
  

Activity 3.