The Global Powerhouses of Finance: Understanding Bulge Bracket Investment Banks
by : Mariana Mazzucato
Bulge bracket banks are the titans of the financial world, offering a vast array of services from underwriting new securities issues to providing comprehensive financial advisory and market-making functions for corporations, institutions, and governments. These top-tier firms, including giants like JPMorgan Chase and Goldman Sachs, have shaped global finance, though their influence is now often categorized by 'tier' systems following the 2008 financial crisis. Despite their robust standing, history reminds us that even these formidable institutions are not immune to market volatilities.