Now that CS has merged with UBS, will it open a gap for another industry player to step up and become the next BB?
The likes of Wells, RBC or maybe even Jefferies one day come to find - hell, maybe even FT Partners.
Jokes aside, is the consensus we are now looking at 8 BB or is there gunna be a new kid on the block soon?
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Seems like from the trend of it, Banks are going to continue to wind down IBD and focus more on traditional balance sheet (deposits and lending). Regulators are going to enforce tighter regulations
Is this due to the current economic conditions or includes increased in rates?
Wells Fargo. They'll pass CS this year
Jefferies more MM right? But heard that they snapped some bankers from CS
Jefferies has a larger average transaction size than RBC or Wells and better LevFin/ECM groups and trading platforms and a typically higher fee share than either (also higher fee share than UBS/DB in most groups)
Post GFC “bulge bracket” has become synonymous with balance sheet bank but that wasn’t really true historically. I don’t think anyone will graduate into BB status. Wells and RBC would need to buy an investment bank and Jefferies doesn’t have the balance sheet.
BNPP
Personally think the word BB will carry less significance as more people realize that even the largest banks can fail, as proven multiple times in history.
Yep especially considering most BBs are pivoting away from their IBD businesses whereas a lot of EBs and MMs are growing theirs
M Klein & Co
Very scary time for the whole industry. It took over 10 years to recover from Lehman/Bear. Wake up call that you should really focus on a place you working with people you enjoy. Cause things can change real fast.
6 BBs now.
GS/MS
JPM
BofA
Barclays/Citi
Idk why you're getting shit for this. Seems like a legit list but UBS / CS / M Klein tbd imo
RBC is already a BB and has been for years (check the league tables)
Lol
Boutique IBs and alt mgrs seem like they will continue taking share
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