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.
They, like every other bulge-bracket firm
, survived the fall of 2008 by the grace of the United States federal government and its willingness to support faltering financial institutions.
This measure is aimed at getting a foothold for a competitive securities company to be a bulge-bracket firm
in line with the enforcement of the Financial Investment Services and Capital Market Act.
Also, are the apparent conflicts of a bulge-bracket firm
simply too difficult for a fiduciary to ignore?
Nobody looks any differently at the CEO of a major bulge-bracket firm
if they're having problems in the muni business.
The difficult economic environment over the past two years has forced nearly every bulge-bracket firm
and even the largest institutional managers to reduce the resources dedicated to equity research.
Another former director at a bulge-bracket firm
in London noted that a ban on prop trading could affect the buy-side's working relationships with sell-side counterparts.
Combined with recent, high-profile losses at many of the largest, most sophisticated financial institutions, plus the complete unwinding of a major bulge-bracket firm
- this, in tandem with the explosive growth in the use of derivatives, has made it clear that our global client base is crying out for help in the derivatives space.
Deutsche Bank was recently ranked the top bulge-bracket firm
for equities research by an Investars survey of asset managers, research directors, analysts, individual investors and financial institutions.
Last year some of the leading bulge-bracket firms
combined their equities sales/voice broking and equities electronic trading divisions.
It's the way fiduciaries, institutions, bulge-bracket firms
(the most elite investment banks) and wealthy individuals that are determined to stay wealthy invest.
5 billion in new bond issues in his first 18 months in business, the entrepreneur found himself struggling to survive in a market that forced even many bulge-bracket firms
out of the bond business.