Aaron Lucchetti on Muck Rack

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New York
Money and Investing Reporter — Wall Street Journal
As seen in:  Wall Street Journal

Following Wall Street and banks @WSJ. Occasional sports tweets from left field. Send ideas to aaron.lucchetti@wsj.com

Thain, in Interview, Reflects on Merrill and CIT

online.wsj.com — Former Merrill CEO John Thain, in an interview, said he regretted having to sell the firm to Bank of America amid the financial crisis. He also spoke about his plans for CIT Group.

Settling a Bad Bet on the Boardwalk

Fewer Theatrics at J.P. Morgan Annual Meeting

blogs.wsj.com — The annual meeting season for big banks ended today with a bit of a whimper. J.P. Morgan Chase held an hour-long meeting with much less drama than last year's edition. The 2013 meeting capped a months-long battle between activist shareholders and the bank's board, led by Chairman and CEO James Dimon.

Fixed-Income Trading Sinks J.P. Morgan Revenue

blogs.wsj.com — The just-released first-quarter results from J.P Morgan Chase & Co. showed that revenue was down to $23.86 billion, a 7.7% drop from a year earlier and short of analyst estimates. One of the culprits was revenue from fixed-income, currency and commodities trading, which dropped 21% to $3.76 billion.

Firms Seek Edge Through Speed As Computer Trading Expands

online.wsj.com — In some obscure corner of the stock-trading universe, speed is critical and fractions of seconds loom large. The growth of computer trading has set off an arms race among dozens of firms to shave the time it takes for orders to reach the computers of electronic exchanges.

As Stress Tests Loom, Biggest Dividend Hikes Expected at Citi, BofA

blogs.wsj.com — As the annual Federal Reserve bank stress tests begin this afternoon, the stakes are higher for some banks than others. According to data highlighted today in the Wall Street Journal , some banks are expected to push to increase their dividends sharply. Others are eyeing share buybacks in an effort to boost per-share profitability.

Winklevoss Twins Plan Bitcoin Index

online.wsj.com — Bitcoin proponents Cameron Winklevoss and Tyler Winklevoss said Wednesday that they would launch a new index to price the volatile virtual currency. The Winkdex, as the brothers are calling it, will also be used to price the value of the assets held by Winklevoss Bitcoin Trust, a proposed exchange traded fund which is currently being reviewed by the Securities and Exchange Commission.

Big Banks Set for Best Year Since Crisis

online.wsj.com — The big six U.S. banks - J.P. Morgan Chase, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America - are set to post net income of about $73 billion in 2013, a 22% gain from 2012 that would be the best year for the industry since the financial crisis.

On Street, Reluctance to Blow the Whistle

online.wsj.com — Should Wall Street have spoken up? That is a key question to emerge from the Madoff scandal: whether Wall Streeters should more-readily report concerns about possible fraud to regulators. Since Bernard Madoff's December arrest on allegations of a Ponzi scheme, some people in the investing world have said they questioned his performance numbers.

Morgan Stanley Top Interest-Rate Trader Leaves Bank

online.wsj.com — Glenn Hadden, Morgan Stanley's top interest-rate trader, has left the bank amid a challenging turnaround effort in its bond-trading business, according to a memo sent to the securities firm's staff Monday. Mr. Hadden, 43-years-old, is leaving immediately after a three-year stint as the head of Morgan Stanley's interest-rate sales and trading business.
More Articles →
Mar 02, 2015

The pressure of a blank check @rickrothacker: Bank of America’s Cathy Bessant talks cybersecurity and... dancing charlotteobserver.com/news/business/… $BAC

Mar 02, 2015

Santander aims to get its US house in order by hiring an ex JP Morgan exec, via @JimSterngold @JENeumann $JPM wsj.com/articles/santa…

Mar 02, 2015

European bankers perfect the art of reciprocal back-scratching on deals, via @davidenrich @Shayndi $DB wsj.com/articles/europ…

Mar 01, 2015

RT @LisaAbramowicz1: Jefferies' CEO Handler said he’s not happy w/recent results from his investment-banking & beef-processing businesses. …

Mar 01, 2015

Academics ponder the right size of the banking industry, suggest smaller is better. nytimes.com/2015/03/01/bus…

Mar 01, 2015

Warren Buffett bought big stakes in Goldman Sachs and Bank of America, but he's still no fan of investment bankers. nytimes.com/2015/03/01/bus…

Feb 28, 2015

RT @PreetaTweets: From a "monumentally stupid" decision to buy Berkshire to today, there's a bit of you've-come-a-long-way-baby feel to Buffet'ts letter.

Feb 27, 2015

Wonderful ahed from @PreetaTweets today: Meet Warren wannabes: The ‘Brown Buffett’ and ‘Oracle of San Quentin’ wsj.com/articles/meet-…

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