universal banks –
banks which combine deposit and loan banking with share and bond dealing, investment advice, etc.
Universal banks are free to engage in all forms of financial services, make investments in client companies, and function as much as possible as a “one-stop” supplier of both retail and wholesale financial services.
to consolidate –
To join in a merger or union, to unite or combine
The two firms consolidated under a new name.
an asset –
items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities)
Besides determining the value of the company's assets, you and your client should also analyze how effectively the company employs its assets.
liability –
money that a company will have to pay to someone else - bills, taxes, debts, interest and mortgage payments, etc. (opposed to assets).
When the company borrows money from its bank, the company's assets increase and the company's liabilities increase.
fee-driven services –
services for which the bank charges money
Special districts often provide fee driven services such as water and sewer. with the residents being charged directly for a service.
equity –
the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens, etc., assets minus liabilities
The key to success is to recognise that much of the real equity of the business nowadays resides in the business’s intangible assets, normally built up over many years.
to drive up/down –
to force something to increase/decrease
Interest rates have been driven up by a rise in inflation
liquidity –
cash and other liquid assets in excess of current liabilities; the ease with which an asset can be spent or sold
Liquidity for a bank means the ability to meet its financial obligations as they come due.
liquidity crisis –
occurs when too many depositors withdraw their funds at the same time, causing the bank to fail
Hundreds of people are without jobs after a mortgage company was forced to close its door because of what it calls a "liquidity crisis.
surplus –
an excess of income over expenditure, or something left over and not required
In 2003, we had a surplus of $10.8 million, mainly thanks to the net income from the annual meeting and because it was a great year for publishing,
direct debit –
a payment method that allows an organisation to instruct their bank to collect varying amounts directly from customers' accounts.
The direct debit forms cannot be completed online as banks require a written and signed form to set-up a direct debit payment.
standing order –
an instruction to a bank to pay fixed sums of money to certain people at stated times
Your rent should be paid by a standing order from your bank account in order to avoid unnecessary problems (mostly reminders that, if not paid, may lead to the student's expulsion).
revenue –
the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses.
Revenue from indirect taxes increased by a respective 0.7 percent and 21.9 percent vis-?-vis the previous quarter.
revenues –
the collective items or amounts of income of a person, a state, etc.
Radio revenues topped the $20 billion mark in 2004 with a total increase of 2 percent over last year.
year low/high –
the lowest price/figure for the whole year (also used with a longer period of time).
Shares hit a five year low.
market sentiment –
how positive or negative investors and brokers feel about the markets
Although short-term risks seem manageable, a decline in competitiveness and a change in market sentiment could put Romania's growth prospects at risk.
market performance –
how the markets changed during a fixed time
Not since the post-war boom of the 1940s, has the hotel industry enjoyed such a consistent period of improved market performance, rising room occupancy, and growth in room rates.
market performers –
the companies on the stock markets who influence the market as a whole
Network Associates and Symantec are currently among the best market performers in terms of stock price.
to make a killing –
to make a quick and healthy profit
Twain founded his own publishing house where he made a killing of $2.5 million in today's dollars by publishing General Ulysses S. Grant s memoirs.
clearing system –
the system operating between banks to transfer credits and other forms of payments between themselves and their accounts
The Finnish-Soviet clearing system was often presented, particularly in Soviet propaganda, as an example of how a large socialist country and a small capitalist country can engage in useful cooperation and trade.
creditworthiness –
the potential to repay the debt without difficulties
Each cheque that he wrote added to his stock of debts and, ultimately reduced his creditworthiness.
product portfolio –
a group of products designed to meet the needs of a particular client segment
The retail product portfolio includes transactional accounts, home loans, vehicle and asset-based finance, personal loans, specialised products such as wills, stock broking and portfolio advice.
to facilitate sth./facilitator –
to make easier or less difficult;
The bank took on an intermediary role to facilitate business between the two companies.
central bank –
an entity responsible for the monetary policy of its country or of a group of member states
Japanese stocks rose to a nine-month high Thursday following the central bank's decision to keep interest rates unchanged.
investment (Am.E)/merchant (Br.E) bank –
a bank that arranges finance for industry, international trade, etc.
Our Merchant Banking division provides integrated financial services to large corporate and institutional clients.
commercial bank –
a business that trades in money, receiving and holding deposits, paying money according to customers' instructions, lending money, etc.
The commercial banks introduced housing. loans in 1996, but it was not until the end of the 1990s that it became common to. take them on.
building society –
an organization that receives deposits and lends money as mortgages to home-buyers
A person who invests or borrows money from a Building Society is considered to be a member of the society.
overdraft/to overdraw –
an arrangement by which a customer can withdraw more from an account that has been deposited in it, up to an agreed limit, interest on the debt is calculated daily
The client has overdrafted their account several times within a 6 month period.
ATM –
automated-teller machine, an electronic banking machine that dispenses cash, accepts deposits, and performs other services when a customer inserts a plastic card and pushes the proper coded buttons.
I recently withdrew money from an ATM in the UK. I was charged significantly more for this transaction than when I withdraw money from an ATM in Ireland.
to withdraw money –
To remove (money) from an account
He went into a bank and withdrew some money to pay for his coach ticket to London.
to open a current account –
bank account which pays no or little interest, but allows the holder to withdraw his or her cash with no restrictions
left school at 16 and opened a current account with Halifax, and I went to work full time for about half a year before I decided to go college.
to open a deposit account –
pays interest, but usually cannot be used for paying cheques, notice is often required to withdraw money
Edwina has opened a deposit account with Britannia for her son Levi, 18-months-old.
to bail out –
to relieve or assist (a person, company, etc.) in an emergency situation, esp. a financial crisis
The corporation bailed out its failing subsidiary through a series of refinancing operations
spread –
the interest rate differential between deposits and loans, from which banks make their profits (also called margin)
Banks in Pakistan reduced return on deposits to maintain their spread.
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