What is a bulge bracket bank and who are they?

The term “bulge bracket” generally refers to the large investment banks that cover most or all industries and offer most or all of the various types of investment banking services.   While there is no official list of bulge bracket banks, most people would consider the following banks to be bulge bracket:

Goldman Sachs
Morgan Stanley
Lehman Brothers
Credit Suisse
Citigroup
UBS
Merrill Lynch
Bear Stearns
JP Morgan
Deutsche Bank
Bank of America

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