Banking Divides

This passage explains the differences between retail banking and corporate banking, highlighting the distinct services each provides. Retail banking focuses on individuals and small businesses, offering products such as savings accounts, loans, mortgages, and financial planning services. On the other hand, corporate banking serves large businesses and institutions, providing specialized services to meet their complex financial needs. The passage emphasizes how both branches of banking play essential roles in the financial system but cater to very different types of clients.

Reading passages like this help students develop a stronger vocabulary, introducing terms such as mortgages, financial planning, and corporate services. It enhances comprehension skills by requiring students to distinguish between two related but different types of banking and their respective functions. These readings promote critical thinking as students must analyze the different needs of individual consumers versus large businesses. Additionally, students improve their grammar proficiency by engaging with clear, comparative explanations that help them understand how different sectors of the economy interact.