we're still talking withback of america's new president of global wealth management sallie krawche krawcheckining us is charlie gasparino. >> you have beauty and the beast right here. >> there you go. you said it, not us. >> how are you doing sallie? >> how are you? >> we go way back. >> not that far back, charlie. >> well, i'm ageing myself i'm sorry. i speak to a lot of brokers who work for you guys who aren't too crazy about the environment. are you going to be able to keep them from jumping ship, particularly bob mccann, yours president sesor is probab your going to go to ubs. >> i don't think anybody is happy with the market environment we've been through. i think for our financial advisers, the right question for them always and for the industry always is where can you do a great job for your clients? i think we need to telescope back a bit and realize our clients have been through a tremendous amount, and we as an industry and particularly we leaders of the industry really owe it to our clients to be moving the business forward, to be taking the lessons we've learned, and everyone has

sallie krawcheck is gearing up for it.ing out to former merrill executives to try to tell them that she's going to keep the culture, try to maintain the old culture. sh she basically said that on our air. bob mccann is going around saying there's to way to keep the merrill lynch culture when you're working for a charlotte, north carolina, bank. >> what are you hearing about ken lewis' replacement? >> there's been a lot of talk about an outsider. i stand behind my report that the head of risk and brian moynihan, if they were going to go internally, are the two leading candidates and sallie is a distant third. people talk about outside candidates. an interesting name floated out recently, greg fleming. remember greg fleming was the president of merrill lynch. in many ways he's the guy that brought -- he was. he's the brainchild of the merrill lynch deal to bank of america. he left bank of america sometime -- i guess it was earlier in the year. here is the problem with fleming getting that job -- >> all right, charlie. >> but

b of a says six internal candidates are in the running including sally krawcheck. in frankfurt, b of a shares are now trading up to $11.74. joining us now is lothar mental. lothar, thank you so much for joining us. lots of big news in the banking sector. obviously, this week has been packed. we have this news about ken lewis. there's been a jpmorgan management shake-up. in europe, we have the uk's five biggest banks agreeing to bonus curbs. what's your sense of the future of the banking industry? should we see this as a sign that these mega banks are no longer going to be, you know, remain as status quo? >> i think we certainly see that there is a lot of work to do and it's good to see that there are signs of activity. i was very frustrated earlier on in the year when there didn't seem to be much impact at all from the crisis that we just had and everything seemed to continue just as was. so seeing a bit of change, seeing a bit of activity and also in the broader before he press reading a lot about the problems that are still unsolved is a good sign, to my mind. >>

bank of america's sally krawcheck. we talk markets, and b of a's search for a new ceo.rview co

i don't want sally krawcheck high on that list. he did not do well as a cfo. kind of a cfo-like job. >> chaz, end it here so we can throw up your book again. there it is "the sellout" by charlie gasparino. november 3rd. chaz, thanks as always. >>> do not go anymore. "the word" continues here in a minute on "fast." a chart at today's sell-off. a bigger breakdown, we'll have the answer. and plus, this coming up -- >>> intrigue hitting the land of big media. will nbc universal have a new dance partner? are the french looking for a way out? guy adami channels his inner bogey to soft case. >>> and plus stocks gyrating to end the year, the liquidator says keep simple with a slow money trade that will pump profits on the long term. night. welcome back to "fast money." we're live at the nasdaq marketsite. october kicks off with a triple-digit loss on the dow. sixth loss in the last seven days. does this mean that we're in for a deeper fourth quarter sell-off? here to take a looking at the chart, the chart man. market strategist. back at ec, at chart central. carter, w

tom montag, barbara desoer, sallie krawcheck. brian moynahan, joe price, and greg curl.ne of those people are going to be -- is going to be chosen to succeed lewis. >> so it won't be nobody from the outside. >> here is what i know is happening right now. by the way, this is a joint decision by the board and by the government. they're both weighing in. what they're weighing in is none of those people have the chops to run the company at least in the immediate future. what sources are telling me, sources that basically know what the government side wants. treasury, they're still a t.a.r.p. bank. what he is going on at the board level is the likelihood at least as of now is you're going to get someone else to do that. now, is it anoutsider? probably not. probably someone from the board. charles gifford, a lot of people put their money on him. or billboardman, t boardman. a lot of people think cliff gifford is the guy they go to in the immediate future and then he makes the decision from those six. >> we have sallie on "power lunch" on monday. >> she has zero chance of getti