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State Street to become first foreign participant to trade Korean onshore interbank FX market

The TRADE

This is the latest in a series of enhancements in offerings across Asian markets by major industry players. At the time, Sungeun Ahn, chief country officer for South Korea at Deutsche Bank highlighted that the bank is expanding its investment remit in recognition of the opportunities South Korea holds.

Trading 59
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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

As another example, some argue that UBS should not be a bulge bracket bank because it has focused on wealth management and areas outside the capital markets. For example, Wells Fargo always does well in debt capital markets but much worse in M&A advisory and equity capital markets.