Future of IB Questions

It seems that traditional bulge bracket investment banks are struggling to find new sources of revenue as trading divisions have become less profitable due to electronic trading. In addition, the passage of Dodd Frank and the Volcker rule discontinued prop trading. Trading use to be the largest profit center for banks like GS. It seems like traditional advisory on M&A, equity underwriting, and debt underwriting has continued to persevere in today's financial markets. So my questions for you fellow monkeys are:

Will investment banks continue to have to look to the consumer lending side to remain relevant?

Will we see a reality where investment banks stop functioning as clearing houses?

How will the M&A advisory process for investment banks change as more companies are staying private and less companies want to be public?

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