Wall Street needs women, younger clients to compete: Krawcheck

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.