Security Pacific Gets Better of BofA in L.A.? Richards Named to Head FX Operation There

BANKS

Bank of America may be taking over Security Pacific National Bank, but foreign exchange traders in Los Angeles are beginning to wonder if the tail isn't wagging the dog. Sources at the bank say that when the twoLos Angeles trading rooms merge April 27, Sec Pac traders will be ruling the roost, though Bank of America officials say that still hasn't been decided.

Yale Fisher, senior vice president in charge of North American foreign exchange operations at Bank of America confirms that Sec Pac's