Wall Street needs to broaden its appeal, Krawcheck says

Sallie Krawcheck, former head of the wealth management division at Bank of America, said that Wall Street needs to bolster its appeal to female professionals as well as the next generation of investors. The industry "doesn't do a great job for women or being appropriate" for the upcoming generation, Krawcheck said at a conference. "We talk about stock market returns. We're not talking as an industry about protecting the downside."

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