LOOSE CHANGE

LOOSE CHANGE

Forex USA named two new directors to its board last week during the bi-annual Pan-American Forex in Washington, DC. Kevin Lawrie and Peter Wadkins replace NationsBanc-CRT's John Nowaczewski and BankBoston's Christa Bleyleben.

The same consolidation that is currently hitting banks in New York will take place in Europe, said John Bohn, former president of Moody's Investors Service at last week's Pan-American Forex conference. "Europe is overbanked as well," he said. "The difference, however,