What does the "bulge" in "bulge bracket" mean?
Self explanatory title.
Even if google can't tell me, the almighty WSO forums should know the answer to this question.
Self explanatory title.
Even if google can't tell me, the almighty WSO forums should know the answer to this question.
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The name "bulge bracket" originates from the manner in which investment banks are listed on the public notification of a financial deal or transaction - or the "tombstone." The bookrunning manager, or bank with control of security allocation to investors, is listed above all others and on the prospectus cover. The printing size of the font for this bank is larger than the others and tends to "bulge" out.
Makes sense. Ngl I was hoping the meaning would be cooler than this
Ngl I think that is cool
They are called "bulge brackets" because in this bracket of banks, only true BSDs do deals, and their own BSDs are so mighty that they tend to "bulge" out.
Hope I could be of help. Good luck!
surprising that this was met with legitimate answers. kudos.
It refers to the bulge that emerges from the pants of others who find out that you work there
lmaoooo
.
I suppose this settles the RBC conundrum then
And my own every time I tell people I work at one
https://media2.giphy.com/media/cqlnU60E5NrZ6/giphy-downsized.gif" alt="bulge" />
I get a huge one for FT partners lol
I am contributing in a meaningful way but others do not think so.
notices your bulge bracket... OwO Whatsss thiiiiss???
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