HSBC The Only Top BB To Halve Their Q1 profits
https://www.ft.com/content/9184658f-9d66-443a-8fb6-1739475b89b6
Is HSBC no longer a BB? Seems like the bank has really struggled recently.
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'No longer a BB' implies that it was once a BB, which it was not.
dude c'mon you can literally google the banks that are BB. Stop with this nonsense trying to cram every bank under the sun into the BB classification. No RBC intern, your bank is not a BB. No HSBC intern, your bank is not a BB. No (insert bank that isn't in BB) intern, your bank is not a BB.
I don’t understand the argument on why RBC is not a BB. Yes compared to the likes of top/mid BBs def not but would easily place them head to head (if not better) compared to DB and def UBS.
I don’t work at RBC and the firm gets meme’d here but its definitely on the upswing.
Don't bother replying to them. It's the same few trolls who have been doing this. The only reason they would spend this much time is that either they all got dinged after the first phone screen and have been lashing out or work at at DB/UBS and know they're screwed. It's not even controversial half the teams at DB/UBS including former head of UBS and head of DB FIG have been poached for a reason...
Because BB means the bank is a huge global player. RBC is doing well in NA but that's about it, by definition it's not a BB. Doesn't mean it's not a good bank to work at, esp in NY.
People meme it bc there are people here who unironically try to say RBC is stronger than BAML. I think most people here agree that RBC is a BB now but it lies somewhere in the lower tier, arguably with its stronger groups being mid-tier but with its bad groups being sub-UBS/WF/JEF.
obviously a fking trolled post, high schoolers stop responding
>Is HSBC no longer a BB?
between this and the RBC nonsense i am officially convinced that the term "bulge bracket" has lost all meaning
2020 Official WSO BB:
GS, MS, JP, Bofa, Barc, CS, UBS, DB, RBC, WF, HSBC, Nomura, Jeffries, HL, and Tobin
Tobin > Citi, you heard it here first
Bulge Bracket: - Goldman Sachs - Morgan Stanley - JP Morgan - Barclays - Bank of America - Citi - Credit Suisse - Deutsche Bank - UBS
Think Bulge Bracket ~ The Ivy League. Just because Stanford/MIT (think EBs) are better than Cornell, doesn't make Stanford/MIT Ivy League schools. Right now, banks like RBC look stronger than DB/UBS and many of us may even take a RBC offer over DB/UBS. That's like taking Duke over Cornell. It doesn't mean Duke in the Ivy League. The term Bulge Bracket has to do with legacy and tradition. Similarly to how The Ivy League was originally an athletic conference.
Arguing about this is dumb. There isn't even an "official" Bulge Bracket list. Just say "RBC is better than some BBs" and move on.
It's a full service global investment bank and with giant balance sheet as well. Hits all the check marks for BB in my book. No, im not at RBC
You can continue to keep it as a BB in your book. It's just not at the same level as the actual BBs. Not even debate.
Ivy League is not based on legacy its literally just an athletic conference. If it wasn't I'm sure MIT/Stanford would be Ivy League
Re-read my comment, I said that. It's still legacy as one of the oldest private universities in the U.S. There's an elite connotation to the Ivy League category.
This isn't best comparison because schools like Stanford and MIT are miles more "prestigious" in all social circles than a Cornell or Dartmouth, whereas you couldn't really make the same argument with RBC and DB.
Stanford/MIT was compared with the EBs. Would say RBC is like a Duke going up against DB/UBS (Cornell/Darthmouth)-- unclear which is more "prestigious" but definitely a distinction on bulge bracket/Ivy League.
fact set 2020 rankings:
HSBC is at #22 UBS #4 DB #9
Bruh 2020 is not even over yet stfu
^for Q1
@WallStreetOasis.com
Could we end this kind of repetitive, meaningless, stupid, trash discussion about RBC/WF being/not being BB pls? I wonder why there has to be someone who brings this rubbish up in EVERY SINGLE thread about ranking, top/mid/bottom BB's, etc.? If there's some sort of trolling operation and I'm sure you can tell, you guys have to put an end to this b/c this has gone too far and become so annoying.
All these banks are great companies to work for. Just don't wanna see this brought up again.
WF is not a BB. Literally just a balance sheet, look at their deals less than 10% is actual M&A. RBC is doing well in NA, but lack to global presence and size to be a BB. UBS is the smallest BB and has 60K employees, RBCCM has less than 10K. RBC and WF are not bad banks at all, but people who call them BB are all just incoming interns who have no clue what the term even means.
STOP
Don't want to argue about this because I have not worked for any of them and arguing about this yields no interest to me anyways. Just don't want to see this ever again. Don't you see this argument is everywhere? Before I entered this thread I had anticipated this already and of course it gave me no surprise.
You realize you just proved against your point right? Look at transaction value per analyst that’s the main metric always used. EBs don’t even make it on the league tables but are so well regarded because the transaction value per analyst. The fact that RBC is far more lean than UBS, yet still crushes them in NA and competes on mandates against way larger BB banks even if they don’t have a lead role tells you clearly everything. Using your logic would mean some place like GHL is a lower MM. Think about it.
One thing I hate this forum the most is that some people here don't do any research before posting. Yes UBS has more than 60k employees, which include people working for PWM, commercial banking, etc.
This isn’t in every thread. Only the ranking ones. Also you at UBS or DB? Nice way to put shade on RBC/WF.
Hope you had decent vision and the ability to understand English. Also you at Tobin & Co? Nice way to put shade on all others. Thanks for your WSO credits anyway.
I personally love the RBC/DB/UBS beef because it makes me thankful that I'm not at any of them
You know RBC beef is bad when it appears on a thread about literally any other bank.
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