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Listening

4
Content
Unit 7: FINANCE
Unit 8: CONSULTANTS
Unit 9: STRATEGY
Unit 10: ONLINE BUSINESS
Unit 11: NEW BUSINESS
Unit 12: PROJECT MANAGEMENT
Unit 7:
FINANCE &
BANKING
LISTENING:
CHANGES IN
INTERNATIONAL BANKING
Contents
1. Discussion 1

2. Vocabulary: BANKING TERMS

3. Listening Comprehension

4. Discussion 2

5. Further Practice

Listening 4 - Unit 7 4 4/8/17


Listening 4 - Unit 7 5 4/8/17
DISCUSSION 1 Are they commercial
banks, savings
banks or building
HIGH STREET societies?

BANKS
What are
high-street
banks?

Do you know any


of them?

Are they
regional,
national or
global banks?

Listening 4 - Unit 7 6 4/8/17


A term originating in the U.K. to refer to large
retail banks which have many branch
locations. The term "high street" is meant to
indicate that these banks are major,
widespread institutions, such as those that
would be found in the main commercial sector
of a town or city. High street is roughly
synonymous to the American term "Main
Street.
AlargebankintheUnitedKingdomwithbranc
hesspreadoutinmanytownsalloverthecou
ntry.Ittakesitsnamefrom"highstreet,"which
is a term for a main thoroughfare.
Listening 4 - Unit 7 7 4/8/17
DISCUSSION 1

Money is better than


poverty, if only for financial
reasons.

(Woody Allen, film director and


actor)

Listening 4 - Unit 7 8 4/8/17


Listening 4 - Unit 7 9 4/8/17
VOCABULARY: BANKING
TERMS
Match the word in A with its definition
in B.
(see material)

Listening 4 - Unit 7 10 4/8/17


VOCABULARY: BANKING
TERMS
Complete the sentences with the
words and phrases from the box in
the correct form. ATM

letter of credit
corporate restructuring

bonds

trading

Listening 4 - Unit 7
capital 11 4/8/17
DISCUSSION
Work in groups.
Discuss these questions.
How do you prefer to bank?
What are the
advantages/disadvantages of Internet
banking compared with visiting your
local branch?

Listening 4 - Unit 7 12 4/8/17


Listening 4 - Unit 7 13 4/8/17
la Caixa savings bank,
Barcelona, Spain

Listening 4 - Unit 7 14 4/8/17


Listening
Comprehension
La Caixa is Spains largest savings bank. The
countrys 46 savings banks are private
foundations that cannot be bought or sold.
They do not issue equity and therefore have
no shareholders.
La Caixas success in Spain is partly due to its
extensive branch network, with ATMs on every
high street, despite current trends towards
online banking.
Website: www.lacaixa.es

Listening 4 - Unit 7 15 4/8/17


Listening
Comprehension
Joan Rosas, Director of
International Business
Development, talks about current
trends in banks and banking
services.
In the first part of his interview, he
talks about recent changes and
trends in international banking.
In the second part, he discusses the
future developments in international
banking.
Listening 4 - Unit 7 16 4/8/17
Listening
Comprehension
Are you familiar with these words?
Regulatory framework (n)
Viable (adj)
Truncation (n)

Listening 4 - Unit 7 17 4/8/17


Listening
Comprehension
Task 1:
Listen to the first part of the interview. Answer the
following questions.
1. What major factors does Joan thinks have affected
international banking?
2. What role does new technology play in international
banking?
3. What example does Joan give to illustrate the influence
of new technologies in international banking?
4. How does Joan talk about the role of technology in
financial markets?
5. How does the factor of direct access to capital market
influence banking services?

Listening 4 - Unit 7 18 4/8/17


Listening
Comprehension
Answer:
1. Major factors:
2. New financial instrument
3. International transactions
4. Absolutely crucial
5. There is a substantial increase in
investment banking services as
opposed to the traditional banking
services of the past.

Listening 4 - Unit 7 19 4/8/17


Listening
Comprehension
Task 2:
Listen to the first part again. Decide
the following
TRUEstatements True or
False.
FALSE
FALSE
TRUE

TRUE
Listening 4 - Unit 7
FALSE
20 4/8/17
Listening
Comprehension
Are you familiar with these words
or phrases?
Bundled (adj)
Bricks-and-mortar (adj)
WAP services

Listening 4 - Unit 7 21 4/8/17


Listening
Comprehension
Task 3:
Listen to the second part. Answer
the following questions in your own
words.
1. How will banks be classified in the
future?
2. How will banking services be like?
3. Name some new delivery channels of
banking services in the future.

Listening 4 - Unit 7 22 4/8/17


Listening
Comprehension
Answer:
1. There will be three different types of
banks. They are very large global
banks, large regional banks and
smaller banks.
2. Several banking services or products
will be put in a package under one
label.
3. Some new delivery channels:
Clicks-and-bricks banking
Clicks-and-clicks banking
7 ATMs
Listening 4 - Unit 4/8/17
23
Listening
Comprehension
Task 4:
Listen again. Complete the note
with NO MORE THAN THREE
WORDS.

Listening 4 - Unit 7 24 4/8/17


Listening
Comprehension
Answer:
1. different
2. regional
3. market segments
4. bundled
5. pension funds
6. label
7. bricks-and-mortar
8. clicks-and-bricks
9. only
10. digital TV banking
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Listening 4 - Unit 7 26 4/8/17
Discussion 2
In groups, discuss the following
questions.
1. How are the trends described in the
interview affecting business in
Vietnam?
2. What new delivery channels have
you used for carrying out your
banking transactions?

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1. ALEXANDROVNA
2. Russian
3. dom54
4. Full-time / fulltime / full time
5. 21 July / 21st July / July 21 / July 21st
6. Competition
7. Cooking swimming
8. Children tutor / childrens tutor
9. Project manager
10.(from) a friend
www.themegallery.com