La banca in inglese
la banca
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The bank of England is the central bank of the UK. It was founded in 1694 and has many functions:
1) It is banker to the British government and to other banks.
2) It exercises general authority and supervision over the banking and financial system in the UK.
3) It fixed interest rates.
4) It protects the national gold and silver reserves.
5) It handles the UK's debts.
SAVINGS BANK
As its name suggest, this type of bank encourages small savers to invest their money. It offers the small investors two forms of account:
1) Ordinary accounts with a low interest rate, which are virtually tax free;
2) Investment accounts with a much higher, taxable rate of interest.
MERCHANT BANK
Merchant banks, such as Morgan Grenfell, are commercial organisations which not only carry out the main functions of a commercial bank, but they also specialise in providing services to companies. They are particulary active in investiments for foreign trade.
COMMERCIAL BANKS
Commercial banks, such as Lloyds, Barclays, National Westminster, and Midland, are also called joint-stock banks, and are owned by shareholders. They specialise in providing banking services to individuals. Commercial banks are clearing banks which means they are authorised to exchange cheques and other means of payment.
1) It is banker to the British government and to other banks.
2) It exercises general authority and supervision over the banking and financial system in the UK.
3) It fixed interest rates.
4) It protects the national gold and silver reserves.
5) It handles the UK's debts.
SAVINGS BANK
As its name suggest, this type of bank encourages small savers to invest their money. It offers the small investors two forms of account:
1) Ordinary accounts with a low interest rate, which are virtually tax free;
2) Investment accounts with a much higher, taxable rate of interest.
MERCHANT BANK
Merchant banks, such as Morgan Grenfell, are commercial organisations which not only carry out the main functions of a commercial bank, but they also specialise in providing services to companies. They are particulary active in investiments for foreign trade.
COMMERCIAL BANKS
Commercial banks, such as Lloyds, Barclays, National Westminster, and Midland, are also called joint-stock banks, and are owned by shareholders. They specialise in providing banking services to individuals. Commercial banks are clearing banks which means they are authorised to exchange cheques and other means of payment.
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