A Nov. 16 story, "Would-Be Holding Company May Cancel IPO" (page 7), erred in reporting that Pacific Community Banking Group had said its corporate future was in jeopardy, and in repeating the assertion in large type. The errors occurred in editing.

In fact, the chairman of the Laguna Hills, Calif., company said that only a planned initial public offering may be in jeopardy. If that happens, he added, he may turn to private financing to fund two planned acquisitions.


A Nov. 18 story on page 2 about a Fed study of banks' risk management techniques mistakenly used "rating system" and "model" interchangeably. The study scrutinized banks' credit rating systems, which are used to judge individual loans. Credit risk models generally are used to judge portfolios of loans.

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