Bulge bracket

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Bulge bracket

A tier of firms in an underwriting syndicate that have the highest participation level. See: Mezzanine bracket.

Bulge-Bracket Firm

In bracketing, an underwriting firm responsible for placing a certain amount of a new issue with investors. If a bulge bracket firm is the single largest underwriter, it may be responsible for assigning parts of the issuer to other underwriters. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.
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Since its formation in 2002, East Wind Advisors' mission has been to provide bulge-bracket quality M&A and Corporate Finance advisory services to companies across the corporate life cycle and financial sponsors.
Since its formation in 2002, East Wind Advisors' mission has been to provide bulge-bracket M and A and Corporate Finance advisory services to companies across the corporate life cycle and financial sponsors.
A- One of the biggest bulge-bracket FIIs (foreign institutional investor) told me, "I am not a lawyer, but in the civilised world, you are presumed innocent until you are pronounced guilty.
Bulge-bracket brokerage firm Merrill Lynch has agreed to pay out [pounds sterling]160m in a racial discrimination case.
"If you believe in the prospects of the region, then working for a local bank has increasingly become a better option now than being employed by a large bulge-bracket firm," said a Dubai-based banker who resigned from a global bank last year.
When bulge-bracket banking was all the rage, London and Frankfurt were happy to let these relative minnows (fund managers) swim in provincial backwaters.
Bankers say the fund's choice of boutique advisors rather than bulge-bracket investment banks shows its focus is advice, rather than financing requirements.
Last year some of the leading bulge-bracket firms combined their equities sales/voice broking and equities electronic trading divisions.
MUMBAI -- Tata Communications Ltd is eyeing Cable and Wireless Worldwide Plc a London-listed telecommunications giant with origins steeped in British imperialist history signaling the return of India 's largest private conglomerate to bulge-bracket global buyouts.
"The bulge-bracket companies need a little bit more hand-holding, a little bit more CYA than actually adding a whole lot of value," says Managing Director Patrick R.
The entry of a bulge-bracket investment bank (not a commercial bank) into the Islamic capital markets is a welcome development, if it is based on the generally accepted sharia guidelines developed by the Islamic finance industry.