Mergers and Inquisitions

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

Bulge Bracket 105

Bulge Bracket Bank Banking Boutique 105

Mergers and Inquisitions

MAY 10, 2023

You can see a breakout of deals by specific country below, based on the same sources (ION Analytics, Dealogic, and Merger Market ): None of this means that Singapore is “bad.” The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

JULY 17, 2024

based bulge brackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings.

Investment Banking 59

Investment Banking Bank Banking Investment 59

The TRADE

MAY 24, 2024

Longer term, the new Government will face a number of aggressive assumptions regarding UK growth and tax revenue, with implication for absolute debt service levels. That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

Mergers and Inquisitions

OCTOBER 18, 2023

or debt offerings (investment-grade or high-yield bonds). So, prepare for the usual categories , but shift some of your time away from merger and LBO models and learn about IPOs and convertibles for ECM or bond math for DCM. You also pitch prospective clients on deals and spend time learning your industry.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

FEBRUARY 28, 2024

Partially, it’s an issue of accessibility: Everyone understands what happens to the stock price if a company beats earnings… …but few people understand what it means if a company is set to violate a debt covenant on page 214 of its credit agreement. the appropriate debt vs. equity mix, and additional capital needs over the next few quarters.

Equities 59

Equities Asset Management Debt Recruitment 59

Mergers and Inquisitions

JANUARY 10, 2024

By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring. The Top Firms in Wealth Management vs. Investment Banking Most people would say the top investment banks are the bulge brackets and elite boutiques , at least for entry-level roles.

Investment Banking 59

Investment Banking Management Bank Banking 59