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. 176, No. 95, June 21

As Card Use Slows Retention Strategies Gain Importance
Byline: Kate Fitzgerald As credit card use slows in certain sectors because of tightened budgets and risk avoidance, many issuers may find they lack consistent retention strategies, according to a study from Celent LLC. When the opportunity arises,...
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Closing a Pothole on ACH Road
Byline: Andrew Johnson Fiserv Inc.'s upgrades to key processing software could remove another roadblock in the way of the many banks that want to speed up their ACH payments. Banks have clamored for years for faster processing, arguing it would...
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COLUMN: HSBC Aspires Globally but It's a Failure Locally
Byline: Andrew Kahr In 1870, a middling bright British university lad with little interest in family life might have opted for the Indian Civil Service. A century later, with that opportunity gone, he might have looked to become an international...
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Creativity at a Premium in Low-Cost RBC Deal
Byline: Matthew Monks There are two big unknowns in PNC Financial Services Group Inc.'s deal for RBC Bank: the final price, and how PNC will pay for it. Uncertainties over capital and credit are two reasons few big bank mergers are getting done...
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FEEDBACK: Banks Restate Case on Durbin
Mr. Weinberg (see Viewpoint above) thinks it's fine for Congress (using the auspices of the Fed) to determine the price a bank may charge a retailer for the convenience of allowing the bank's customer to access his or her checking account electronically,...
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First BanCorp of Puerto Rico May Buy ... or Sell
Byline: Rachel Witkowsi Now that its private-equity injection is almost a done deal, First BanCorp's natural next move would be to consolidate power in Puerto Rico. Unless it sells itself instead. Analysts fell into two camps after last month's...
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Mobile Pay Startup Plays with Animals
Byline: Andrew Johnson The burgeoning mobile payments industry has been compared to an unruly jungle. A new technology startup has taken that analogy to heart by developing software it says can transfer information, such as payment details, between...
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NCUA Sues JPM, RBS for Security Fraud
Byline: Ed Roberts The National Credit Union Administration filed suits Monday against JPMorgan Chase and Co. and RBS Securities, claiming fraud in the sale of billions of dollars in private-label mortgage-backed securities the two investment firms...
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OCC's Walsh Signals U.S. Split over SIFI Charge
Byline: Donna Borak WASHINGTON - While international regulators continue to spar over the size a proposed capital surcharge for the largest banks should be, the U.S. banking agencies are disagreeing among themselves on the issue. In an interview...
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Spat with Feds Drove Wells to Leave Reverse Mortgages
Byline: Jeff Horwitz Wells Fargo & Co. decided to exit reverse mortgages after federal officials insisted it foreclose on elderly customers who were behind on property tax and insurance payments, a Wells executive wrote in an email to business...
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VIEWPOINT: Blackball Small Cards? 'Let Em
Byline: Neil Weinberg Do small banks deserve to be kept alive with affirmative action set-asides? Should retailers be in the business of subsidizing community banks' uncompetitive debit card operations? This, and the usual Washington political...
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