Analysts Say Wells Fargo and Citigroup Could Buy Regional Banks
Wells Fargo and Citigroup are two big banks in the United States.
Experts say both banks have room to buy another big bank.
This means they have enough money and space to make a big deal.
News experts from CNBC looked at other banks.
They found five regional banks that could be good choices.
Regional banks work in smaller areas, not the whole country.
Analysts are people who study companies and money.
They say Wells Fargo and Citigroup should not wait to buy a bank.
Analysts think this is a good time to make a deal.
The report does not say which five banks are the best choice.
It also does not say when a deal might happen.
Many people in banking are watching to see what happens next.
Vocabulary15 words
- bank
- a company that keeps and lends money
- room
- space or ability to do something
- deal
- an agreement to buy or sell something
- regional
- in one area, not the whole country
- analyst
- a person who studies information and gives opinions
- acquire
- to buy or get something
- merger
- when two companies join together
- target
- a company that another company wants to buy
- industry
- a type of business, like banking
- growth
- getting bigger
- capital
- money a company has to use
- expand
- to grow bigger
- financial
- about money
- market
- a place where things are bought and sold
- report
- a piece of writing with information
Quiz
Answer key
1. Wells Fargo and Citigroup 2. Five 3. They should not wait
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Wells Fargo and Citigroup are two big _____ in the United States.
Experts say both banks have _____ to buy another big bank.
This means they have enough money and space to make a big _____.
News experts from CNBC looked at other banks.
They found five _____ banks that could be good choices.
Regional banks work in smaller areas, not the whole country.
_____ are people who study companies and money.
They say Wells Fargo and Citigroup should not _____ to buy a bank.
Analysts think this is a good time to make a _____.
The report does not say which five banks are the best _____.
It also does not say when a deal might _____.
Many people in banking are watching to see what happens next.
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