商务英语exist middleman.pdfVIP

LOGO Exist the Middleman Company Logo ?The title ? The middleman: referring to banks, which act as a middleman between savers who deposit money in banks and investors who borrow savers’ deposited money from banks. ? The middleman is exiting, or leaving the stage; banks will run out of business Company Logo ? Banking ? Banking, in general, is the business of keeping, lending, exchanging, and issuing money. At the state level, each country has its own central bank. Its major functions include macro-controlling the economy by regulating the money supply, supplying currency, and clearing checks from banks. ? As for individuals and businesses, banking services mainly come from commercial banks. Commercial banks are profit-making businesses that accept deposit and use these funds to make loans. As long as the return on loans exceeds expenses and the interest banks pay on deposits, they make a profit. From the banker’s standpoint, the key to success is to loan out as much money as possible to credit worthy customers, to maximize the interest from loans, and minimized the interest paid on deposits. Company Logo ? In addition to the two activities of taking deposits and making loans, banks also offer other services for which they charge a fee. Many banks, for example, provide safe deposit boxes for their customers, issue traveler’s checks, wire funds around the globe, exchange currency, and issue credit cards. ? Banking, however, is only one kind of financial service. It has met with rapidly growing competition from other financial institutions Company Logo ?May seem counter-intuitive ? May seem contrary to one’s intuition (immediate understanding of something without reasoning or study) ? The next few sentences explain why it may seem counter-intuitive ?In terminal decline ? In decline towards its end Company Logo ?With the rich countries’ babyboomers nowadays entering a well-heeled middle age, the quantity of personal wealth in search of inv