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. 151, April 9

AT&T Unit to Join Growing Field of Processors
AT&T Unit to Join Growing Field Of Processors NEW ORLEANS -- An American Telephone and Telegraph Co. unit is joining a number of new contenders in the financial transaction processing business, AT&T announced at the Electronic Funds Transfer...
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Card-Size Device May Solve On-Line Password Security Problem
Card-Size Device May Solve On-Line Password Security Problem NEW ORLEANS -- A consortium of data base operators and others is developing a new device that it thinks will enhance the security of videotex and other on-line information systems. Applied...
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Customers Pour Money into Citibank's Portfolio IRA as Court Battle Continues on Glass-Steagall Charges
Customers Pour Money into Citibank's Portfolio IRA As Court Battle Continues on Glass-Steagall Charges NEW YORK -- Citibank's Portfolio IRA, still the center of a Glass-Steagall court battle, is drawing as much attention from customers now as it has...
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FDIC to Reassure S&P on Funding Units; Letter Will Address Independence of Finance Subsidiaries When Parent Banks Fail
FDIC to Reassure S&P on Funding Units WASHINGTON -- The Federal Deposit Insurance Corp., in a move that is expected to expand the use of funding subsidiaries by banks, will issue assurances about the independence of such units when the parent...
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Ginnie Mae Runs out of Guarantee Commitments
Ginnie Mae Runs Out of Guarantee Commitments NEW YORK -- The Government National Mortgage Association, or Ginnie Mae, has reached its fiscal 1986 limit for issuing commitments to guarantee securities, and it has told participants in its mortgage-backed...
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GM's Price Hike Confirms Need to Abolish Car Import Quotas
GM's Price Hike Confirms Need To Abolish Can Import Quotas EVEN GENERAL MOTORS IS NOT powerful enough to overrule the laws of supply and demand. Its recent announcement of a 2.9% price increase -- following last fall's 3% increase and in the face...
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Lloyds Will Pursue Acquisition despite Standard's Rejection
Lloyds Will Pursue Acquisition Despite Standard's Rejection LONDON -- Lloyds Bank will pursue acqusition of Standard Chartered Bank despite Standard's rejection Tuesday of Lloyd's announced intention to offer $1.69 billion for all of the smaller bank's...
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Olivetti Buys Another Bank Automation Firm
Olivetti Buys Another Bank Automation Firm NEW YORK -- Automatic Data Processing Inc. announced Tuesday that Ing. C. olivetti & Co., the Italian office automation firm, has agreed to buy the part of its Bunker Ramo division that supplies branch...
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Philippines Government to Ask IMF to Release Rest of Loan
Philippines Government to Ask IMF to Release Rest of Loan WASHINGTON -- The new government of the Philippines will begin negotiating this week with the International Monetary Fund for release of the remaining $230 million of a $650 million standby...
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Pru-Bache Loses Bid to Reclaim Pension Paid to Dishonest Employee
Pru-Bache Loses Bid to Reclaim Pension Paid to Dishonest Employee NEW YORK -- A federal appeals court has barred a Prudential-Bache Securities pension plan from reclaiming funds put into a retirement fund for a dishonest employee. In a unanimous...
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Regulators to Seek New Powers for Dealing with Failing Banks
Regulators to Seek New Powers For Dealing with Failing Banks WASHINGTON -- Federal regulators will ask the House Banking Committee today for extraordinary powers to funnel new capital into ailing banks, including the authority to attract interstate...
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Seven Keys to Understanding Today's Consumer
Seven Keys to Understanding Today's Consumer WE HAVE FOUND THAT consumers in the 1980s are making significant changes in the way they think and act. They continue to spend when they feel confident, and they continue to help keep the nation out of...
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