Okay!
So who's taking UBS's BB spot?
BNP Paribas, Wells Fargo, Nomura or RBC?
(Other?)
Your opinions are valued!
May the best bank win!
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Ahaha, love these! I'm going to go with WF as clear winner, and maybe Nomura, RBC, BNP as my second, third and fourth.
I'm with you, it's either Wells Fargo or Nomura.
Wells. They are big, American, and investing in IB. Have an ex-JPM CEO and once their asset cap is lifted will be well into a respectable BB position.
Might I add Jefferies? Pure play investment bank that's punching above it's weight (Ahead of both UBS and DB by IB revenues and only behind the rest of the BBs). Doesn't have a large balance sheet but still has access to 50% of Mass Mutual's balance sheet and also recently tied up with SMBC to increase their lending capacity even more. Open to ideas as to why it might not be one.
To make a case for being considered a BB, the bank in question must provide diversified services (more than just IB), and possess a massive balance sheet.
Jeffries is a dope bank, but idt it meets the criteria.
Idk there’s banks that are more IB focused such as GS and MS. JefCo is also building out its PWM division and obviously has S&T as well.
How is Wells Fargo and RBC not considered 2nd tier BB on this site? They pay just as good as the big banks, at least at the vp level.
Lol, they're all great banks. The question is, which one will take UBS's 1st tier BB spot.
pretty much all the banks pay the same nowadays anyway so I dont see why salary alone would turn a bank into a BB
Wtf does pay have to do with it? Outside of some select EBs, everywhere pays the same
1 vote for WF or RBC
deutsche
As much as I like to trash Wells... Def the strongest of the semi-BBs right now, and with the regulation limits gone shortly, they will definitely increase in strength. You could also made a strong case for Truist now, but I think they need a little more time to find their footing post-merger (plus I don't know a lot about their book).
What are the regulation limits?
Wells Fargo currently has a $1.95 trillion asset cap that the Fed enforced due to the fake account scandal. Once that restriction gets lifted, WF will have a lot more room to grow.
You really think truist is doing well? I didn’t think they lead anything. Don’t they mostly participate in debt syndications?
Give Wells another decade
As someone who just got hired by Wells I'm glad to see this is the consensus (at least on this miniscule forum)
I'm confused why people think UBS is suddenly lower than any of the names on this thread..? If anyone thinks these names stack up to UBS globally they are on crack. Not to mention the new UBS CEO (Hamers) is actually pushing to expand the IB as opposed to Ermotti who slowly winded down the bank post-financial crisis.
So many Wells analysts here. RBC does better in the league tables an actually gets M&A mandates. Used to solely be a debt shop but now has a solid advisory practice. Wells is still stuck in the debt phase. That being said, neither will be taking UBS spot, at least for the next few years. We'll see in the future though
sorry but nobody actually cares about your arbitrary rankings. why does it matter whether or not you think UBS is considered a BB? what will that change about your life?
Let’s be honest and blunt, It’ll make RBC and WF analysts feel better about where they work.
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