A June 2 article on page 6 erred in saying market appreciation was behind nearly all asset growth this year at Mellon Bank Corp.'s Dreyfus Corp. subsidiary.

The article repeated an error in a Salomon Brothers analyst's report. In fact, $4 billion of the $7 billion increase in assets at Dreyfus through mid-May resulted from net new cash inflows.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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