Because comments of a Mellon Financial Corp. executive were misconstrued, a page 6 article Wednesday was unclear about the company's "global" aspirations in investment management. Mellon wants to be among the top 10 investment managers abroad, where now it is not even among the top 30, a spokeswoman explained Wednesday. Worldwide - including the United States - it ranks 11th, she said.
Because of a typographical error, the article also overstated the assets that Mellon manages worldwide. The company announced last month that it had passed the $500 billion mark.
A June 1 article, "OCC May Override W.Va. Law" on page 4, misidentified the trade group that asked the Office of the Comptroller of the Currency to preempt a state insurance law. The Financial Institutions Insurance Association made the 1996 request.
The Thursday article "Win Moves Roukema Toward Leadership of House Banking Panel" on page 4 misnamed the No. 2 Republican on the House Banking Committee. He is Rep. Bill McCollum of Florida.