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  • Sandhurst's picture

    Does anyone here actually understand what the "bulge bracket" is?

    "There are three ways to make a living in this business: be first, be smarter, or cheat."

  • In reply to Black Jack
    Sandhurst's picture

    Black Jack wrote:
    Not fully related, but thoughts on RBS as a BB? I've always considered them in the mix (albeit lower tier).

    They are in the sense that they are high up on certain underwriting tables. But they aren't in the traditional sense, at least not in the states. If you included them as a bulge-bracket firm in a discussion (in the US), you'd find plenty of disagreement, if only because they're low on M&A tables, are hemorrhaging money/staff, and are having most of their securities business wound down by the British government.

    Black Jack wrote:
    ^wtf- monkey shit for that? really?

    It was uncalled for, agreed.

    "There are three ways to make a living in this business: be first, be smarter, or cheat."