Can someone sum up for me briefly how bulge bracket banks are split up and what each of these sectors entails? If not, is there maybe a link that explains it.
Through my reading, I find it a little confusing as what constitutes as what? e.g. I always thought that ECM, DCM, Syndicate, and Sales & Trading are all a part of I-Banking with M&A, but I've seen people say otherwise.
Also, when people say Sales & Trading on here, does that include all the traders for the firm, such as proprietary traders.
I'm guessing this may vary a little bit from bank to bank, but hopefully there is a common trend.
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