Task 4: Write a short paragraph
Banks in the UK:
In the UK there are two types of banks. The Merchant Banks and commercial banks. The former are targeted at large corganizaciones and specialized in international trade and finance. (Offer similar facilities of commercial banks). While the latter are targeted to individual customers.
Merchant banks confirming the status of Overseas custumers acting trough confirming houses in the Eurobond market. In addition under shipping insurance Involved in foreign exchange.
Some examples are ambros Bancks marchant, Keyser Ullmann, Schroders, etc.
On the other hand commercial banks encourage customers to use their private current account, savings account, deposit accounts and lend money in the forms of loan overdrafts, and so on.
Commercial banks also offer other services to private customers, we emphasize standing orders, bank money order system, credit facilities, Credit cards and transfer credits.
Some examples of commercial banks are: Barclays, Lloyds, Midland