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. 156, No. 118, June 19

Ameritrust Highlights Credit Access, Low Fees
Ameritrust Highlights Credit Access, Low Fees Ameritrust Co. has revamped its product line to better meet the demands of business owners in its Ohio, Indiana, and Michigan markets. The Cleveland bank kicked off its program, Smart Banking for Small...
Banks Need Caps on Loans, Rates
Banks Need Caps on Loans, Rates Any real reform of the regulation of commercial banks must be based upon restoring the industry's profitability. Restoring the profitability of insured banks is essential not only to the shareholders of insured banks...
Canadian Banks Strong despite Slump
Canadian Banks Strong Despite Slump The recession that is chilling U.S. banks has crossed the border into Canada, where banks are posting big increases in loan-loss provisions to cope with nonperforming assets. But that should not keep them from...
Canadian Imperial Using Software to Analyse Its Paper Flow
Canadian Imperial Using Software to Analyze Its Paper Flow The Canadian Imperial Bank of Commerce is using a unique software system to help analyze a decidedly low-tech task: the movement of paper around its back offices. The Toronto-based bank,...
Chemical and Republic Weigh Offers for Citytrust
Chemical And Republic Weigh Offers For Citytrust Chemical Banking Corp. and Republic New York Corp. have looked at the books of insolvent Citytrust Bancorp of Connecticut in hopes of making a federally assisted acquisition, according to a source close...
Co-Op Data Centers Regain Appeal; Community Banks Find Savings by Sharing Costs
Co-op Data Centers Regain Appeal Community Banks Find Savings by Sharing Costs A growing number of community banks are joining forces to own data centers cooperatively as an alternative to buying their own hardware and software or hiring a third...
Disaster Recovery Service Fills Gap for Small Banks
Disaster Recovery Service Fills Gap for Small Banks A computer maintenance company has started to market a disaster recovery service to some New York banks that had previously been hard-pressed to find adequate, reasonably priced backup arrangements....
Fannie Taps Lawrence Small of Citicorp for No. 2 Post
Fannie Taps Lawrence Small Of Citicorp for No. 2 Post Lawrence M. Small has resigned as vice chairman of Citicorp to become president and chief operating officer of the Federal National Mortgage Association, the mortgage agency said on Tuesday. ...
How Downturn Changed a Banker's Life
How Downturn Changed a Banker's Life IPSWICH, Mass. -- A year ago, T. Lincoln Morison oversaw $10 billion of loans to giant companies. Today, he keeps tabs on $70 million lent to plumbers, boutique owners, and restaurateurs. The 50-year-old banker...
In Shift, Hicks Muse Deal May Be Labeled an HLT
In Shift, Hicks Muse Deal May Be Labeled an HLT Bank financing for Hicks, Muse & Co,'s latest deal - the $700 million purchase of Occidental Petroleum Corp.'s natural gas liquids business - may become more expensive than planned. Dallas-based...
Less-Sickly S&Ls Mean OTS Faces Tougher Choices
Less-Sickly S&Ls Mean OTS Faces Tougher Choices Bailing out the savings and loan industry, the easy part, is nearly over. The Office of Thrift Supervision will finish ushering most dead thrifts into the Resolution Trust Corp. by the end of 1991....
Putting Together Pieces of CMO Investment Puzzle
Putting Together Pieces of the CMO Investment Puzzle CMO tranches, floaters, companions, residuals, IOs, POs, Jump Z bonds, PACs, and TACs all sound more like abbreviations for military operations than investment strategy for an institution's portfolio....
Silicon Valley Stock Issue Draws Criticism of Bank's Ex-Underwriter
Silicon Valley Stock Issue Draws Criticism of Bank's Ex-Underwriter SAN FRANCISCO -- In an unusual turn of events, Silicon Valley Bancshares' impending stock offer is being criticized by the investment bank that managed its first stock offer three...
Treasury Hits Regulated-Rates Plan; Says 'Core Banks' Proposal Could Be Destabilizing
Treasury Hits Regulated-Rates Plan Says |Core Banks' Proposal Could Be Destabilizing WASHINGTON -- The Bush administration warned on Tuesday that a proposal to establish "core banks" with regulated interest rates is an "untried theory" that...
Wilmington, Banc One: The Logic Behind 2 High-Priced Deals
Wilmington, Banc One: The Logic Behind 2 High-Priced Deals Rising bank stock prices, up 62% since last October's low, have produced a rash of large bank acquisitions financed with stock. Since late March, plans for four $100 million-plus deals...