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BRIEFLY

Banking

November 04, 1995| Times Staff and Wire Reports

L.A. Chamber Asks Wells Fargo to Head South: Fearing job losses, the Los Angeles Area Chamber of Commerce called on Wells Fargo & Co. to move its corporate headquarters to Los Angeles if the San Francisco-based banking firm succeeds in its hostile takeover of First Interstate Bancorp. "The Chamber is concerned about the loss of major headquartered companies in Southern California," Charles Reed, chairman of the regional business organization, said in a statement. San Francisco Mayor Frank Jordan this week joined Los Angeles Mayor Richard Riordan in opposing the $10-billion merger, but predictably, the mayors each want the headquarters in his home city.

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