Commercial bankers are a key distribution point and referral source for the rest of the bank’s financial services activities. The work of commercial bankers is critical—this is how retail consumers get their credit lines extended, their checking accounts upgraded, their mortgages, cars, and home improvement loans approved.
Small businesses are highly dependent on their relationship with their commercial bankers. Commercial loans allow them to secure new inventory, cover payroll, remodel their stores, buy fixtures, and manage their overseas accounts receivable.
Investment banks are increasingly involved in offering global financial services. They negotiate international financing through mergers and acquisitions, joint ventures, equity participation and debt issues. These banks provide financing for businesses by floating their stocks and bonds. Most, if not all, U.S. investment banks have some international presence, through either international subsidiaries or affiliates.