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(单词翻译)
UK Banks face major changes
radical reform of
important change in the regulations designed to improve
the Treasury
the British government department responsible for the economy and finance
obliging
requiring
investment banking
the business of banks which try to sell and buy shares and other companies
retail banking
The business of banks which deal with customers and their savings and loans
ring fence
protected area where budgets are secured
firewall
in this example, another word for protected area where budgets are secured
boards
groups of people who control a company
capital
money and possessions ready to be spent of invested
structural changes
changes to the way things are organised and arranged
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