''Bulge Bracket''

piotr1980

Senior Member
Polish
Hello,

I don't understant an expression ''Bulge Bracket'' refering to the US Investment Bank.
I know we use it to emphasize that the institution is one of the top ones but I really don't understand why do we link together these two words.

What do they mean separetly :
Bulde -an outward curve or swelling.
bracket - is either (..) or a group of something

Could someone plese clarify it to me.
Many thanks
Piotr
 
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