Bulge bracket

The Bulge Bracket

Bulge Bracket is the term used to describe banks who the largest in terms of size and in terms of profitability. These are generally known as Goldman Sachs, Morgan Stanley, JPMorgan, Merrill Lynch and Lehman Brothers. However, there are other banks which are bigger in certain locations such as UBS, Credit Suisse and Deutsche Bank in Europe and Citigroup in the U.S.

These banks are also known as 'tier 1' banks.