An article Monday, "For Subprime Lenders' Stock, the Damage May be Permanent" (page 41), erred in attributing Olympic Financial Ltd.'s loss to a special charge to correct accounting irregularities. The loss had two causes: a $63.9 million charge due to a change in accounting estimates for repossessed inventory; and a one-time $15.8 million charge for early retirement of $145 million of senior notes.


Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.