1/1/18

In honor of GoT S7 premiering next month, I'd like to pose a simple question to the WSO community. If the investment banks were the Houses of Westeros, which would they be?

My Opinion:

Goldman Sachs/House Lannister - the "old money" in Westeros and currently crushing the league tables/ruling the seven kingdoms; despised by most of the other houses for their continued dominance and placing loyal members in key positions of government

Morgan Stanley/House Tyrell - Challenging the Lannisters for supremacy with equally old money and family name but alas still second best

JP Morgan/House Targaryen - An old, powerful name that has seen significant success in recent years (post financial crises); has upended the balance of power rising to the top of league tables using a bevy of powerful new tools i.e. massive, fire-breathing dragons/balance sheets

BAML/House Stark - Another old name(ML) whose alliance with the wildlings(BofA) has resulted in recent success through the use of powerful new tools including giants/massive balance sheets but still trying to figure out how to use new alliance to topple other ruling families/banks

Credit Suisse/House Martell - A strong platform competing with all the other families in the seven kingdoms/USA but still something oddly foreign about them; tried to integrate by marrying into the royal family(Elia and Rhaegar)/buying First Boston but with mixed success

Barclays/House Tully - As a result of questionable alliances i.e. marriage into Houses Stark and Arryn/purchase of Lehman's US banking business, Barclays has seen better days

Citi/House Arryn - Old powerful name (Saloman Bros) that has sat out most of the War of the Five Kings/financial crises wheeling and dealing to lick its wounds; now middle of the road with new leadership i.e. Peter Baelish/Michael Corbat and seeking to reassert dominance

Deutsche/House Greyjoy - Crises of leadership in recent years i.e. step down of Jain & Fitschen/death of Balon Greyjoy along with a refusal to play by the rules i.e. manipulation of LIBOR etc./raiding and pillaging of the North has resulted in a beatdown

UBS/House Baratheon - Oh how the mighty have fallen; Once, one of the most powerful families in Westeros, significant talent losses i.e. Robert, Stannis and Renly deaths/Blair Effron and Ken Moelis departures as well as a refusal to play by the rules i.e. forex manipulation/human sacrifices has resulted in obliteration

Thoughts? Comments? Criticism?

Mod Note (Andy): top 50 posts of 2017, this one ranks #2 (based on # of silver bananas)

Comments (70)

6/8/17
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6/8/17

There is some serious thought that went into this. Well done

6/9/17
Best Response
6/9/17
6/13/17

LOL.... Had a good laugh at this.

11/19/17

And it's coming... haha

Does the Tiger fire the Monkey? Does the Tiger transfer the Monkey to another branch?

6/9/17

Was expecting this to be completely lame, but instead I'm pretty impressed. Well done.

6/15/17

i've never seen you speak so highly of a post

WSO's COO (Chief Operating Orangutan) | My story | My Linkedin

6/15/17
AndyLouis:

i've never seen you speak so highly of a post

Then you haven't been paying attention.

6/9/17

Great read for this Friday morning Sb'ed!

6/9/17

Well thought out +SB...wonder if you could throw some EBs into the mix though

6/9/17

Bear Stearns = Dothraki... powerful, savage horde joined to House Targaryen?

6/9/17

Lehman would have to be house Bolton then...

Cheer up, Bateman. What's the matter? No shiatsu this morning?

6/9/17

I work with a bunch of ex-Lehman guys. From what I've heard, House Bolton sounds about right.

6/9/17

I was honestly shocked that no one had done this already....

6/9/17

I love this. Tickling my GoT itch, the hype is real!

Who are the white walkers?

"This world, it is a tempest sometimes. But remember, the sun always rises again."
-- Brandon Sanderson

6/9/17

RBC/BMO cause Canada and things.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

6/9/17

Wells Fargo/Braavos (Iron Bank) - Large balance sheet, little influence, in some weird far off land.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

6/9/17

Ah, the weird far off land of Charlotte.

6/9/17

You do realize that WF is based in San Fransisco right........

6/9/17

Pretty sure you have less of an idea of what you're talking about. Great job.

6/9/17

literally google WF right now or even better since clearly you're retarded, this is a screenshot from the WF website - note how it says "we're headquartered in San Fransisco"

If you're talking about Wachovia's legacy business and the number of WF employees in Charlotte, sure yeah they have a big presence, but the West Coast and Midwest is where their business is strongest.

6/9/17

Alright dude. Sure the retail operations HQ matters more. You're a sharp one.

6/9/17

I mean Tim Sloan and the entire executive team is run out of SF. Most of the group heads are in SF too. Idk why you're being so smug about this, you're just blatantly wrong.

6/10/17

Regardless of what you're googling up, their investment banking and capital markets activities and leadership aren't based out of SF.

6/10/17

The corporation/retail are SF, Cap Markets and IB are Charlotte via Wells Fargo Securities.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

6/13/17

Wells Fargo securities major hubs are Charlotte, New York, San Francisco, and Houston. In that order.

6/13/17

Actually not sure id count Houston as a hub no offense to Houston but the first three definitely have multiple groups

12/29/17

Most of the ib is in Charlotte

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7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

6/10/17

This is amazing, there should be a show on this (such as Game of Zones on the NBA)

6/10/17

Lloyd Blankfein as Tywin Lannister is so oddly fitting.

6/10/17
6/10/17

hahahah love it!

6/11/17

SEC = Wight Walkers, Preet Bharara could've been the Night King
WSJ = Varys. Impotent media outlet

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

6/11/17

Lazard is like Slavers Bay. The analysts there are treated worse than the unsullied if I'm not mistaken.

6/11/17

Fitting username

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

6/11/17

should be called Game of Loans

6/11/17

Who is the many faced God? And The Lord of Light?

6/12/17

Dolen Trump for Many Faced God. Too many variant, and often contradictory, opinions on the same topic.
Putin for Lord of Light.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

6/13/17

White Walkers = Incoming Tech Startups coming back for another round following the Dot Com Boom

6/13/17

Macquarie/Dothraki - Apparently they're powerful over in their own continent, but on the main land either you haven't heard of them or think of them as barbaric foreigners who sound weird.

6/17/17

SB for quality.
In Australia - a dominant powerhouse.
Outside of Australia - relatively unknown.

'I'm jacked... JACKED TO THE TITS!!'

6/14/17

this is what happens when the intern has too much time on his hands... somebody get this man a model to build lol

6/14/17
6/15/17

You've hit fnlondon.com with this post

6/15/17

Wtf this is crazy...i did this in like an hour while trying to fall asleep. Thanks for the support guys!

6/15/17

yeah thanks for the post! big hit on the site (will probably have 15k+ views by next week)

WSO's COO (Chief Operating Orangutan) | My story | My Linkedin

6/16/17

Lord of Light = Warren Buffet

6/16/17

Investment banks might have been game of thrones pre financial crisis, now with their changed cultures and low returns, they are more like the show "girls". Goldman Sachs is Lena Dunham, Citibank is shoshanna.

6/16/17

Purchase of Lehman Bros' banking business was the best decision Barclays has made. Selling of BGI to BlackRock was the worst.

6/16/17

House Clegane - Moelis. No explanation required.

The Unsullied - PJT

6/16/17

Hahaha love it! Take dem bananas.

6/16/17

House Mormont/Simmons & Co

Small House, rule the Bear Island (Energy M&A)

6/17/17

Bear would have been House Bolton..those guys were real cowboys who didn't give a you know what.

6/17/17

that must've taken a long time to put all this together. SB.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

See my Blog & AMA

6/17/17

Haha very well done!

SEC = High Sparrow

BB, Associate, Coverage

6/17/17

As if this site wasn't nerdy enough. Like the markets we are reaching new all-time highs everyday.

6/18/17

A winner +1

"Elections are a futures market for stolen property"

6/18/17
6/18/17

Government Sachs=Varys

Finding its way into every regime, always asserting influence no matter who's on top.

6/19/17

HSBC = Qarth
BNP = Lys (trading house known for exotics)
Fed = Maester Order =(secret order with mysterious influences with every house), Oldtown and the Citadel is FOMC/FRBNY
RBS = Night's Watch (once a proud financial powerhouse/down to 135 men)

Lehman = Freys ( since the twins are super important to westeros)
PBOC = Volantis/Bravoos Iron Bank (financial superpower outside of westeros)

6/19/17

Qatalyst - Qyburn - was once part of the order, kicked out, but has now found his way back in...

8/2/17

Very accurate!

8/9/17

Jamie Dimon referred to as the "Khaleesi of Wall Street"....you can't make this shit up

http://dealbreaker.com/2017/08/if-jamie-dimon-isnt...

8/10/17

Who would be the Dothraki Horde?

"All men are alike in their dreams, and all men are alike in the promises
they make. The difference is what they do."-- Jean Baptiste Moliere

8/14/17

Cheer up, Bateman. What's the matter? No shiatsu this morning?

11/19/17

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Does the Tiger fire the Monkey? Does the Tiger transfer the Monkey to another branch?

1/5/18

"If you're afraid - don't do it, if you're doing it - don't be afraid!"
-- Genghis Khan