Correction

Published May 09, 1996, 1:00 a.m. EDT

|

Updated May 20, 2007, 3:45 p.m. EDT

1 Min Read

A front-page article on May 2, "Fleet Draws Fire For Big Mailing of Unsolicited Loan Checks," incorrectly described a statement by Wallace B. Millner 3d, chief financial officer of Signet Banking Corp. The article stated that Mr. Millner told Wall Street analysts that second-quarter earnings would likely be lower due to problems with the company's loan-by- check program. Mr. Millner actually asked analysts to lower the high end of their estimate range for full-year earnings, citing problems with loan-by- check, a flatter net interest margin, and weaker-than-expected commercial loan growth.

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