BULGE BRACKET
\bˈʌld͡ʒ bɹˈakɪt], \bˈʌldʒ bɹˈakɪt], \b_ˈʌ_l_dʒ b_ɹ_ˈa_k_ɪ_t]\
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The small group (i.e., less than half a dozen) of SECURITIES FIRMS, INVESTMENT BANKS, and BANKS that control the largest share of global CORPORATE FINANCE and securities UNDERWRITING business. Bulge bracket firms are often sought out by institutional clients as a result of their ability to arrange sophisticated transactions and distribute securities.
By Henry Campbell Black
