... banks and investment banks performed completelydistinct functions. When Joe on Main Street needed a loan to buy a car, he visiteda commercial bank. When Sprint needed to raise cash to fund an acquisition ... Maine woods, his shoes leaked, and he returned with soaked feet. So, one day, he decided to make a better hunting shoe. And he did. And he told his friends, and they lined up to buy their own pairs ... stockonce it’s publicly traded. Indeed, in many cases, research analysts’ compensationwas tied to investment banking revenues. However, in recent times banks havefaced public and regulatory outcries...