make money
As a rule of thumb, banks make money in three ways, in roughly equal parts. All of these are now under attrack. The first is the difference between the rates they charge borrowers and the interest they offer savers, known as the net interest margin.
The second way of earning moeny is by charging for making payments, for example through credit-card fees.
The third source of profits for banks is a cornucopia of fees, from charging for overdrafts to brokering investments. Human investment professionals are now being challenged by "robo-advisers" doing much the same job for a tiny fraction of the price. Outrageously unfavourable exchange rates imposed by banks when sending money abroad, once unavoidable, can now be circumvented via dozens of online money-changers.
notes:
1. rule of thumb: a broadly accurate guide or principle, based on practice rather than theory. 凭经验或实践得来的法则
2. an abundant supply of good things of a specified kind. 丰盛；充裕
The festival offers a cornucopia of pleasures. 节日带来了许多欢乐。
3. overdraft n. the amount of money you owe to a bank when you have spent more money than you had in your account:
a £250 overdraft
4. out‧ra‧geous /aʊtˈreɪdʒəs/ adjective
1. very shocking and extremely unfair or offensive:
outrageous prices
an outrageous attack on his policies
it is outrageous (that)
It’s outrageous that the poor should pay such high taxes.
2. extremely unusual and slightly amusing or shocking:
an outrageous hairstyle
He says the most outrageous things
5. circumbent v. deceive; outwit. (古)欺骗；智胜
He's circumvented her with some of his stories.
他讲述了他的几次经历，让她上当受骗了。
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