So what does BB really mean?
Anyone care to enlighten me on which firms are considered BBs? Which are "top BBs"?
Region
Anyone care to enlighten me on which firms are considered BBs? Which are "top BBs"?
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BBs: Goldman, MS, Merrill, JP, Lehman, Citi, UBS, CS, Bear, DB
Possibly: BofA, Wachovia
Fringe: Barclays, BNP Paribas, HSBC, Macquarie, Rothschild, ABN, RBC/RBS/CIBC
Gomes, do you agree with the list you provided? (Or is that your own list)
I've heard many critics argue that perhaps Lehman/UBS/CS would be under "possibly"
Could you explain further? I signed a Finance internship at Lehman, and would like to affirm whether or not Lehman is legit. Or will remain legit.
I have checked the league tables, so i have an inclination, but what is the general outlook for these banks and their rankings?
Ex, is Bear still considered a BB? It's pretty much off headlines...
It's under FAQ as well.
Also, BB is no official "league". It's just something people use to define the top banks. There is always going to be debate whether a certain bank is a BB or not.
That's just my own personal opinion. I would say that Lehman/UBS/CS are all bulge, considering they are well within the top 10 of the league tables. If anyone is a 'possibly' it is Bear, as they are much smaller is size and scope than most of the other BBs.
Everyone has their own interpretation of bulge brackets, that list (the groups aren't ranked, so Barclays isn't necessarily better than HSBC) is just my opinion of how it breaks out.
Your greatest concern should not be whether Lehman is legit, but whether your Finance internship is.
This is retarded...asking "whether or not Lehman is legit or will remain legit?"
You've heard many critics argue Lehman is only "possibly" a bulge?
I feel like someone's trying to start a fight here.
What is the BB? (Originally Posted: 10/22/2006)
I have been looking at the Thompson tables and Vault ibanking rankings, but what constitutes the BB? How far down the Vault top 50 rankings does the BB go, and what are the best S&T desks alltogether, or where can I find out this information?
I don't think there is a precise definition of Bulge Bracket. What is considered BB, I think, differs by geography/market. What is considered a BB in the US is not necessary a BB in Canada, in Europe or in Asia.
Pure-plays, by stock ticker:
MS GS MER LEH BSC
Corporate or foreign banks with full service U.S. IB, by stock ticker: JPM C BAC CS UBS
There are only a handful of full-service investment banks other than those listed above. The largest full-service IB not listed above would be JEF.
most people think that GS, MS, ML, Citigroup, Credit Suisse, UBS, Lehman, JPM are considered BBs.
Buyside, you list Bear and BofA but not Deutsche. Did you forget DB or really think that it isn't considered a BB, even if Bear and BofA are?
Yeah DB is top-tier.
BofA is considered bulge but now Wachovia?
the only people who would ever describe Wachovia as a "bulge bracket" investment bank and maintain a straight face probably work there
i dont think people who work there can even get away with saying Wachovia is a BB...
Wikipedia has an entry on this.
What were the top BB before (Originally Posted: 01/06/2012)
I've been wondering lately which BB have gone under during the financial crisis?
Where did banks like CS, DB, UBS and BOA stand before the financial crisis? Where they MM?
all of those except BOA were BB prior to the financial crisis. BOA gained BB status after the acquisition of merrill. wikipedia has a pretty good page about the pre- and post- financial crisis BB list, as well as all of the earlier BB banks
http://en.wikipedia.org/wiki/Bulge_bracket
[quote=leveRAGE.]all of those except BOA were BB prior to the financial crisis. BOA gained BB status after the acquisition of merrill. wikipedia has a pretty good page about the pre- and post- financial crisis BB list, as well as all of the earlier BB banks
http://en.wikipedia.org/wiki/Bulge_bracket[/quote]
GS wasn't the top BB? unacceptable lol
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