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. 168, No. 217, November 11

A Court-Side View on Calif. Preempt Fights
Banks have used the preemption argument increasingly over the last four years to trump various state laws crimping their lending and other activities, but the tactic is hardly new. Just ask E. Edward Bruce, the Covington & Burling litigator...
Bank One Cross-Selling Spotlights Branches
As part of an effort to boost its retail operations, Bank One Corp. is trying to sell its credit cards to its deposit account customers who do not have them, and vice versa, a senior executive said at an investor conference Friday. The Chicago company...
Banks Demanding More from Web Systems
The climate for Internet banking vendors is harsh and getting harsher, with banks demanding more return on their investment, according to Celent Communications LLC. The banks that have recently dropped fees for online bill pay are looking to recoup...
B of A Set to Pilot Check Conversion for Deposits
Bank of America Corp. is poised to begin testing a remote deposit service that will enable merchants to convert checks into electronic images and transmit them instead of carrying paper checks to a branch. The service is based on the same image...
Dealing with Patriot Act as Service Issue
Since the late-2001 passage of the USA Patriot Act, community bankers have fretted about the added burden of verifying and documenting customers' identity. But only now are they seeing the impact that the law, which took effect Oct. 1, is having...
Elite Investors Seen as Still A Hard Sell in Stock Market
Bankers see investors from the top 1% of Americans, measured by household income or net worth, as just as slow to get back into equity investing as their less affluent brethren. Though the stock market has rallied this year, most of these elite...
Hawke: Battle with States More Intense
The latest round in the fight over federal preemption of state laws is dominating the agenda of Comptroller of the Currency John D. Hawke Jr., who said he is puzzled by the urgency and ferocity of his critics this time. "This is a debate that has...
IN BRIEF: Countrywide Plans Multi-Site Searching
Next year, perhaps in the first quarter, consumers will be able to search many of Countrywide Financial Corp.'s Web sites at the same time. The searches will use One Step natural-language search and navigation software from iPhrase Technologies...
Investors Put Some Stock in Barclays Deal Rumors
The rumor mill continued at full pace Monday on the heels of a British news report over the weekend that Barclays PLC of London has talked with three U.S. banking companies on the East Coast about doing a deal. The report, in The Independent of...
Rating System in the Works for CRA Vehicles
Hoping to encourage more investment from banks, some Community Development Financial Institutions have decided to take part in a new rating system. Many banks, to meet Community Reinvestment Act obligations, already invest in the more than 600 credit...
Top Credit Unions by Assets: On June 30, 2003. Dollars in Thousands
Rank 1 Navy Federal Credit Union Merrifield, Va. 2 State Employees Credit Union Raleigh 3 Pentagon Federal Credit Union Alexandria, Va. 4 Golden 1 Credit Union Sacramento 5 Boeing Employees Credit Union Tukwila,...
With Clock Ticking, Panels Sizing Up FCRA Bills
The sprint has begun on Capitol Hill to finalize legislation to update the 33-year-old Fair Credit Reporting Act and permanently block states from setting tougher rules. Immediately after the Senate approved its version of the bill Wednesday, the...
WMC to Go on the March -- in a Defensive Way
WMC Mortgage Corp.'s new chairman and chief executive said his top priority for the coming year is to lengthen the wholesale lender's geographic reach so it can maintain market share in the face of rising rates. In an interview last week, Daniel...