Ran into an article about a http://www.bloomberg.com/news/2013-01-23/wall-stre...-says.htmlstudy a few months old but interesting:
Only five or six companies will remain "" firms that offer all investment banking and products worldwide, the consulting firm said today in a report titled "After the Reckoning." Others will step back from some businesses to focus on areas where they have a competitive advantage, according to the report.
"There are more aspiring flow monsters than projected levels of flow can support," McKinsey analysts said in the report. "We have already seen a few early movers exit capital- intensive fixed-income businesses or scale-intensive cash equities businesses to focus on areas where they were better able to compete; we will see more such moves in the future."
Also, this article has a pretty wide definition of Bulge Bracket:
The 13 firms addressed in the report wereCorp., Plc, Paribas SA, Inc., Group AG, AG, Group Inc., Holdings Plc, & Co. ( ), , , SA and . Those firms accounted for about 60 percent of the $292 billion of investment banking and trading revenue in 2011, according to the report.
What do you guys think, and if you were to pick 6 banks which ones would they be?