No boutiques:
Tier 1: JP, GS, MS
Tier 2: Citi, BofA, UBS, Barclays
Tier 3: Deutsche, BNP, Jeff
Tier 4: SocGen, Wells, Nomura, Mizuho, HSBC, Santander
Tier 5: BMO, TD, RBC, UniCredit, SMBC, MUFG
Tier 6: Everyone else
Thoughts? Maybe Barclays to its own Tier 2.5 but I think this is generally good
I would say Barclays tier 1.5 ahead of the other tier 2
UBS is quite clearly ragebait and I don’t want to indulge you but generally good outside of that, unironically.
Why ragebait?
“UBS” get out of here man
UBS is unfairly rated tbh. Most people treat it as a really bottom tier bank (Tier 6 here) but I think since the Credit Suisse merger it firmly deserves to have a Tier 7 made for it
Credit Suisse was full of reckless, risk-taking people who drove their company into the ground, and obviously we don’t want them. UBS was full of very conservative, respectable, and slow-chugging professionals who grew their bank into a small powerhouse. We don’t want them either
Where is CBA?
Tier 6: Everyone else
What is cba
I think RBC is a step up on the other Canadians and Santander should probably be with DB/BNP but broadly yes
DB is not Santander
CommonWealth Bank Australia
For banking I think they are at this point
No but jokes aside I think Santander is still a rung below DB at the moment, and even SocGen. They’re not serious about this. Probably in Tier 5 based on @Relaxer’s list
I heard they’re quite good in Madrid though but I’m saying this based on London
Is Santander being strong in Spain being presented as a revelation
I feel like Wells gets in tier 3, at least by virtue of it being American. Maybe you could argue it was tier 4 in recent years but now its cap is lifted the only way is up
Wells is genuinely really bad though. It didn’t have that cap for fun, it earned it lmao
New proposal for bank rankings: where they were placed in the SpaceX IPO prospectus:
Tier 1: Goldman Sachs, Morgan Stanley, BofA, Citi, JPMorgan
Tier 2: Barclays, Deutsche Bank, RBC, UBS, Wells
Tier 3: Allen, Cantor, Needham, Raymond James, SocGen, Stifel, William Blair, BTG, ING, Macquarie, Mirae, Mizuho, Santander
Tier 4: Presumably everyone else
Jefferies being The Sith or what?