The group of bulge bracket banks comprises the world's largest multi-national investment banks[2] whose investment banking clients are usually

Bulge bracket - Wikipedia

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2021-05-29 01:00:06

The group of bulge bracket banks comprises the world's largest multi-national investment banks[2] whose investment banking clients are usually large corporations, institutional investors and governments. The attribution regarding the status of being a bulge bracket bank is often disputed.

Bulge bracket banks usually provide both advisory and financing banking services, as well as the sales, market making, and research on a broad array of financial products including equities, credit, rates, commodities and their derivatives. They are also heavily involved in the invention of new financial products, such as mortgage-backed securities (MBS) in the 1980s, credit default swaps in the 1990s and collateralized debt obligations (CDO) in the 2000s and today, carbon emission trading and insurance-linked products.

Bulge bracket firms are usually primary dealers in US treasury securities. Bulge bracket banks are also global in the sense that they have a strong presence in all four of the world's major regions: the Americas, Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC).

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