American Banker

American Banker is a Monday to Friday daily trade newspaper owned and published by SourceMedia, Inc. American Banker is headquartered in New York, N.Y. and was first published in 1836. Readers of American Banker are primarily high ranking banking executives and those with billions of dollars in assets. Seventy percent of American Banker readers hold senior management positions and 66 percent come from financial institutions, with 55.8 percent of those working in the commercial and retail banking sectors. Twenty-one percent of the readership control assets totaling $50 billion and above. The newspaper is published across the United States.In the 1960s, then-editor William E. Zimmerman traveled around the United States reporting on the civil rights movement by asking African-Americans what they needed from the banking industry and in turn interviewing local bankers to find out what services they were providing for African-Americans.In 1988, American Banker reported that the Japanese have the 10 largest banks in the world and that the U.S. banks, for the first time in three decades, were knocked out of the top 25 due to the falling dollar. Citibank, the largest bank in the U.S. at the time, fell from the 17th largest bank in the world to 28th, with $101.1 billion in deposits.American Banker was also the first national publication to report extensively on the fall of Penn Square Bank in Oklahoma City. Marc Hochstein is the Executive Editor, John DelMauro is the Vice President and Group Publisher, Richard Melville is the Group Editorial Director, Banking, and John DeCesare is the Group Publisher.

Articles from Vol. 150, September 24

Banking Deregulation: Today and Tomorrow
During the dialogue with our American counterparts a year ago at the Yen/Dollar Working Group discussion, one of the American members commented that the Ministry of Finance seemed to move with all the speed of a tortoise in liberalizing the Japanese...
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Bank of England Officer to Chair Midland: Christopher W. McMahon Accepts an Offer 'Too Good to Miss,' Spokesman Says
LONDON -- Christopher W. McMahon, deputy governor of the Bank of England and an expert on world finance, has accepted an offer to become chairman within the next two years of Midland Bank, Britain's third largest clearing bank. Mr. McMahon, deputy...
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Barclays Takes Aim at Mortgage Market with Web of Regional Lending Offices
CHARLOTTE, N.C. S PART OF ITS broad strategy of expansion, the Barclays-American Corp. is moving into mortgage lending, getting ready to aim its marketing directly at increasingly sophisticated home buyers and plotted a careful, region-by-region spread...
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Credit Card Interest Rates Stir Concern: Consumer Group Charges They're Unjustifiably High
WASHINGTON -- Are the high rates charged on consumers' credit card balances justified? Concern over this issue is catching on here, with a new report out this week and a congressional hearing on the subject slated for late October. High interest...
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Dollar Falls after 5 Nations Adopt a Plan for Concerted Intervention
LONDON -- A slide in the dollar gathered momentum on European exchanges Monday on the prospect of concerted intervention by the central banks of five leading industrial nations -- the United States, Japan, Germany, France, and Britain. Dealers here...
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Efforts to Control Debt Crisis Ineffective, Morgan Study Says
NEW YORK -- Efforts to bring the international debt crisi under control have so far been ineffective, and the longer-term outlook for the debtor countries is uncertain, according to a study by Rimmer de Vries, chief economist of the Morgan Guaranty...
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FDIC Eases and Streamlines Merger Standards
WASHINGTON -- Following the liberalized antitrust policy adopted by the Justice Department last February, the Federal Deposit Insurance Corp. on Monday relaxed and streamlined guidelines on how it will handle mergers. Under the new guidelines, the...
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Japan: Establishment of a Tokyo Offshore Market Sparks Political Controversy
On December 29, 1984, 70 Liberal Democratic Party Diet members participated in the Dietmen's League for the Promotion of the International Market, presided over by Mr. Yoshitake Sasaki, former Minister of International Trade and Industry. On March...
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Maryland Asks Epic Companies' Top Brass to Leave
BALTIMORE -- Maryland state officials have asked the top executives of Community Savings and Loan and its Epic group of subsidiaries to step down. In addition, they are seizing control of the computerized files of Epic's extensive real estate syndication...
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Pacific First Expects $12 Million Loss: Tacoma Thrift Holding Company Attributes Red Ink to Boost in Loan-Loss Reserve
NEW YORK -- The Pacific First Financial Corp. of Tacoma, Wash., announced Monday that it expects an after-tax loss of $12 million to $15 million in the third quarter, primarily due to an increase in its reserves for loan losses. The $2.6 billion-asset...
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Where the Best Jobs Are: New Scorecard Ranks Opportunities and Rewards of Corporate Life
WANT TO START a bare-knuckles argument among a group of analysts or business school professors? Ask them which of the country's largest public companies offer employees the best opportunities and long-term rewards. Obviously, any rankings from...
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