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Sky Financial Group Inc. said accounting errors on certain derivative hedging instruments hurt its earnings for the second quarter. The $15.8 billion-asset Bowling Green, Ohio, company said Tuesday that its [...]

An employee's error has compromised the credit card information of roughly 239,000 Boston Globe subscribers. The employee printed out a customer list that contained subscriber names, credit card numbers, and [...]

The article reports on the technical glitches in debit card transactions encountered by customers of bank holding company Capital One. Topics discussed include the use of social networking service Twitter by Capital One customers to complain about the erroneous transactions, possible causes of the glitches in the debit transaction process, and the way Capital One addressed customer complaints regarding the issue.

The article reports that U.S. mortgage servicers are working on a foreclosure remediation plan that is required by federal regulators. A group of the 14 largest servicers and their independent consultants are reviewing loan files for errors, assessing the errors' financial impact on borrowers, and determining how to compensate those borrowers.

The article focuses on the effectiveness of personal financial management (PFM) software used on banking websites. An example is given of how data feeds can produce an inaccurate account and credit-card balances. PNC Financial Services Group Inc.' use of Virtual Wallet PFM is noted. Several companies using PFM software are mentioned.

The article presents a discussion of the problems which can arise when banks foreclose on the wrong home by mistake. Such instances are said to be quite rare, but the enormous volume of foreclosures stemming from the global financial crisis which began in 2008 has led to an increase. This can produce serious public relations problems and legal liabilities for the banks involved.

The article reports that subprime car loans and auto refinancing specialist Santander Consumer USA is once again restating its financial results dating to 2013. Topics discussed include the identification of errors in the company's financial statements and investigation into how the company determined set-asides for bad credit. Errors related to its allowance for credit losses and the methodology for accreting auto dealer discounts and subvention payments from car makers are mentioned.

The article reports errors in the U.S. Consumers Financial Protection Bureau's (CFPB) database for consumer complaints. Topics discussed include description of CFPB's consumer complaint database as it is a complaint collection of consumers financial products and services, cases showing unintentional errors in the system's internal policies, and the views of Moira Vahey, spokeswomen of CFPB, on ways of responding to consumers.

Fannie Mae disclosed that it had made computational errors in its third-quarter financial statements, sending its stock price into a brief dive and handing more ammunition to those who want to overhaul its regulation. It said it made mistakes during its implementation of Financial Accounting Standard No. 149, which is designed to clarify the accounting for derivatives. The government-sponsored enterprise said that its correction resulted in a $1.2 billion rise in unrealized gains on securities, as well as increases in accumulated other comprehensive income and stockholders' equity.

Reports on Provident Financial Group Inc.'s announcement to restate its operating results for the last six years and lower its outlook for the year's earnings, as of March 2003, owing to an error in accounting for auto lease financing transactions. Changes in business planning made by the company; Information on the company's ratings, stocks and assets.

The article discusses how a Yuba County, California Superior Court jury reportedly turned a 616 dollar escrow account servicing error into a 16.2 million dollar damages award against the PHH Corp. private-label mortgage servicing firm, focusing on foreclosure prevention and the U.S. Consumer Financial Protection Bureau. Homeowner Phillip Linza's lawsuit, private-label mortgage business profitability, and loan servicing by financial firms such as Morgan Stanley are examined.

The article discusses a report from the U.S. Federal Trade Commission that indicates that errors in consumer credit reports may effect the rates that some consumers pay for loans.

Corrections are presented for the December 5, 2011 article "CommunityBank Picks a President" which misidentified Sterling Bancshares and November 30 article "Software Eases Loan Loss Calculations" which misspelled Marty Opdahl's name.

Corrections are noted for the October 24, 2011 issue that are related to a story on Bank of America and Intuit's payroll service and to photos for the "Eye for Offbeat Borrowers Yields Lending Opportunities" article which omitted the name of photographer Eddie Arrossi.

A correction is presented for the September 27, 2011 article "Union Bank Email Show Overdraft's Underbelly" in which an extraneous word distorted the meaning of the third paragraph.

The article discusses the outlook for mobile banking in the U.S. The idea that banks' automated-alerts technology that confuses consumers can restrict growth in the mobile banking sector is discussed. The problem of alerts containing inaccurate information about bank balances and dates of transactions and too many legal and marketing disclosures is noted.

The author offers opinions on customer services management by banks, arguing that banks do a poor job of recovering from their own mistakes and citing the sportsmanship displayed by baseball pitcher Armando Galarraga and umpire Jim Joyce after a mistaken call by Joyce cost the pitcher a perfect game as an example of how to deal with mistakes.

The article reports that paperwork errors in many subprime mortgage securitization deals could jeopardize their legality, potentially causing further crises in the U.S. mortgage markets.

The author presents his opinions on financial regulatory reform, focusing on the problems caused by classifying some financial institutions as "too big to fail." He argues that a good regulatory framework would not use tax dollars to shelter huge corporations from the consequences of their poor decisions.

The article reports that a minor glitch in Buy.com Inc.'s billing system causes online purchases from the site to show up on people's statements much later than expected. Jeff Wisot, vice president of marketing for the online retailer, said the system had trouble charging people in full when they used a combination of gift card and credit card as payment.

The article reports that the Princeton Review Inc. posted sensitive information including the birth dates and assessment scores of more than 100,000 students on a public part of its web site. The error was reported to the "New York Times" by a rival of the Princeton Review, which removed the information after being contacted by the Times. Also examined is a U.K. Ministry of Justice report stating that the agency had nine data breaches in its last fiscal year.

The article discusses how Pocahontas Bancorp Inc. announced it plans to restate certain line items in its 2004 and 2005 financial reports and that previous reports should not be relied upon. In a report filed with the Securities and Exchange Commission, the company found errors in how it presented company transfers from loans to real estate it acquired.

The correction is for a quote in the Feb. 28 article "Next on Fund's Agenda: Start-Up in San Francisco" and also mentions the Bank of San Francisco.

Corrects two errors in the March 17, 2006 issue. The page 4 story "Looking for Next $100K? One Idea: Start with 37¢" misidentified Roger A. Brown. The page 1 article "Powder Dry, But Targets Are Unclear" did not give the correct amount of assets held by UnionBanCal.

The article discusses General Motors Corp.'s delay in filing its annual report due to an accounting error. The delay spurred Moody's Investors Service Inc. to put its debt rating for the unit, Residential Capital Corp., and its immediate parent, General Motors Acceptance Corp., on review for a possible downgrade. It is suggested that the error had no effect on profits. Reactions to the possible rating are given.

Corrects an error in the March 3, 2006 news brief on page 20, "Judge Rules for Sovereign Dissident."

The article corrects an error in the November 18, 2005 page 3 news brief, "Reich Warns of Risk of Exotic Mortgages," which misidentified the Community Bankers Association of New York State.

The article provides a correction to "Software Firm Offers ID Verification Tool" on page 10 in the Oct. 19, 2005 issue because it misdescribed a function of StrikeForce Technologies' anti-fraud software.

Corrects an error in the October 3, 2005, page two article "Citi Pulls Ahead of B of A in Syndication; JPM Leads," which mistated some third-quarter changes in the ranks of lead arrangers of syndicated investment-grade loans. Source of the mistake which misrepresented loan volumes for Citigroup and Bank of America.

Corrects an error in the September 7, 2005 news brief "Aussie Merchant Deal for First Data."

Corrects a mistake in the page seven article in the August 19, 2005 issue, "Banks Seen as Hobbled on Variable Annuity Share," which incorrectly identified Citizens Bank and Citizens Banking Corp.

Corrects an error in the page 10 story "B of A Pessimistic About Industry's Stocks," which was published in the August 31, 2005 issue: the date when it was announced that Robert Lacoursiere would be hired by Banc of America Securities.

Corrects a misidentification of Richard Casey in the August 26, page one story "A Venture Veteran's New Bank Targets Start-Ups".

Corrects an error in a chart showing growth in online customers at the top 10 banks, which contains a stray dollar sign.

Corrects an error in the July 16 "Emerging Technologies" special report where it understated Marshall & Ilsley's assets on page 8.

Corrects errors in two news briefs on page 20 in the July 13 paper. The accounting matter on the agenda of the FDIC; When the Bank of America realigned the business-segment reporting for its Latin America and business operations.

Corrects errors in the July 6, page 16 story that misidentified Virginia Surety's owner, which is Aon. Information about an outdated figure for mortgage insurance with payment protection in Massachusetts.

Corrects a misquote of Franklin Bank CEO Tom Lupo (in a page one story in the June 29 issue) concerning property prices in New Jersey.

Presents a correction to an article published in the June 23, 2005 edition of "American Banker." Correction regarding how Wachovia plans to fill several tech jobs.

Corrects a mistake in the page 4 Executive Changes column in the June 16 issue that stated Bank Hapoalim owned Signature Bank of New York.

Corrects an error in a page one table showing organic growth prospects for Provident Bankshares Corp.

Mentions errors in a page one story in Tuesday's paper concerning Doral Financial.

Corrects two errors. The May 17 issue, a story on page 18 about TD Banknorth and its first-quarter earnings; The May 19 issue, a story on page one about a pending sale of Hibernia National Bank to Capital One and a possible name change.

Corrects an editing error in the page 18 story in Tuesday's paper about earnings expectations for TD Banknorth Inc.

Provides information on errors in a page 18 story in the April 17 paper and a correction two days later that mischaracterized Nacha's estimate of growth for Project Action, its now-defunct online payments mechanism.

Corrects an error on page 2 in Friday's paper about a UBS conference, mentioned in the People column.

Refers to errors in the page 24 news brief in Tuesday's paper where the remarks attributed to Michael Frenz were actually made by Donald Bisenius and Frenz was misidentified as working for Freddie Mac.

States the name of Rep. Spencer Bachus, R-Ala. was misspelled in page-four story in the April 22 paper.

Corrects a mistake in a page one story in the April 13 paper where Merrill Lynch Credit Corp. was mischaracterized as a subprime unit.

States the April 5 story in the "Community Banking" special report erroneously reported Pennsylvania State Employees Credit Union had a community charter.