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Wall Street needs women, younger clients to compete: Krawcheck

| From reuters.com
NEW YORK ( Reuters ) - Wall Street must raise its appeal to the next generation of investors and female professionals to remain competitive in the wealth management industry, the former head of Bank of America 's wealth management unit said on Monday. The securities industry "doesn't do a great job for women or being appropriate" for the next generation, said Sallie Krawcheck , who was ousted as head of Bank of America's global wealth and investment management unit in September. "We talk...Read Full Story

Krawcheck seen bidding final adieu to Wall Street

| From reuters.com
NEW YORK ( Reuters ) - Don't expect to see Sallie Krawcheck at the helm of another Wall Street bank. After her firing Tuesday from Bank of America 's <BAC.N> wealth management unit, it's likely the 46-year-old executive will jump to a money-management firm or private equity firm, said recruiters, industry executives and people who know her personally. Krawcheck has been approached by a number of money management firms, and is weighing some opportunities, said one person who claimed to be...Read Full Story

Analysis: Krawcheck ouster fuels Merrill brokers' bank angst

| From reuters.com
NEW YORK ( Reuters ) - Bank of America 's ouster of Sallie Krawcheck has deprived Merrill Lynch advisers of a vocal advocate and revived worries the commercial banking giant will further tighten its grip on the brokerage. The Krawcheck era at Merrill ended on Tuesday after two years when the bank's Chief Executive Brian Moynihan announced commercial banking head David Darnell would take overall consumer businesses, including branch banking, mortgages, Merrill and the U.S. Trust private...Read Full Story

BofA consumer bank, brokerage chiefs to step down

| From reuters.com
CHARLOTTE, North Carolina ( Reuters ) - Bank of America Corp, which has lost almost half of its market value this year, announced a broad reorganization on Tuesday that includes the departure of two senior executives. The biggest U.S. bank said after the market closed that Joe Price , head of consumer banking, and Sallie Krawcheck , head of global wealth and investment management, have left. Price was a former chief financial officer of the company, and Krawcheck was a former CFO of Citigroup...Read Full Story

Thiel puts brand on Merrill with shake-up

| From reuters.com
NEW YORK ( Reuters ) - John Thiel has moved out of Sallie Krawcheck 's shadow, slashing Merrill Lynch manager jobs and taking steps to more closely align the firm's retail brokers and private bankers. Thiel, who was named head of Merrill's U.S. wealth management by Krawcheck in April, eliminated more than half of the brokerage's manager jobs on Wednesday, replacing three division heads and 24 regional bosses with 11 "market leaders" who will oversee both private banking and brokerage. The...Read Full Story
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Photos of Sallie Krawcheck
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Sallie Krawcheck receiving the University Medal for Excellence

Sallie krawcheck photo

Sallie Krawcheck receiving the University Medal for Excellence

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Ex-Citigroup Trading Chief Cecere Denies Wrongdoing in Tibor-Fixing Probe...
An ex-Citigroup Inc. (C) executive accused in a probe by Japanese ... Director A repeatedly approached a Citigroup employee responsible for submitting rates for Tibor at least as far back as April 2010. Another employee, called Trader B, also ...  
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Ex-Citigroup CEO Says Volcker Rule Needs ‘Severe Penalties’
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The Future For Ex-Bank of America Exec Sallie Krawcheck
Considered one of the most powerful women in finance,??Sallie Krawcheck, former Head of Global Wealth????at??Bank of America Merrill Lynch, has had a career ??checkered with meteoric rises and devastating falls ? all of which have been feverishly played out in the media.??Most recently,????CEO????Moynihan unceremoniously??ousted Krawcheck in September, despite her strong performance successfully ...  
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Citigroup Says Bank Will Exit Mortgage Brokerage Business
1 (Bloomberg) -- Citigroup Inc., the third-largest U.S. lender by assets, plans to stop using brokers ... to similar roles within the business.” Citigroup advanced 2.9 percent to $31.60 in New York today. The shares have gained 20 percent ...  
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Ex-Citigroup exec replaces ex-JPMorgan banker
According to numerous reports, Daley’s departure, coming after a bit less than a year at the top White House post and at the start of an election year, took Obama by surprise. Only last October Daley had said he would remain until after the 2012 elections.  
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