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.
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.
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.