Is Citi bulge a bracket?
As a catchall term for this class of large global investment bank, “bulge bracket” commonly refers to Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS.
Examples of tier three would be UBS, BNP Paribas, and SocGen..
What is a BB in finance?
The “bulge bracket,” or BB, firms are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients. They also have divisions for sales & trading, equity research, wealth management, corporate banking, and more.
Is Deutsche Bank a BB?
Although it’s perhaps not as good an investment banking name as it was during the “Goldman of Europe” era, Deutsche is still describable as a “bulge bracket bank”, just about, and as such it still pays banker money.
What does UBS stand for?
the Union Bank of SwitzerlandThe name ‘UBS’ came from one of our predecessor firms – the Union Bank of Switzerland. However, just like other prominent brands which used to be an abbreviation of a company name, UBS is no longer considered an acronym.
Is HSBC a BB?
Tier One (J.P. Morgan, Bank of America Merrill Lynch, Goldman Sachs, Citi and Morgan Stanley) and Tier Two ( Deutsche Bank, Credit Suisse, Barclays and UBS) are the equivalent of the Bulge Bracket. In the third tier are banks including BNP Paribas, SocGen and HSBC.
Is UBS a BB?
UBS and Banco do Brasil launch UBS BB Investment Bank and unveil the firm’s leadership team. São Paulo, 1 October 2020 – Today, UBS and Banco do Brasil announced the name of their strategic partnership in South America, UBS BB Investment Bank (“UBS BB”), as well as its executive leadership team and brand identity.