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. 149, August 23

Agreement with Metroteller Systems Expands the Access of Citicorp Customers to ATMs in New York, 6 Other States
NEW YORK -- Citicorp customers will soon gain access to more than 500 electronic banking machines in upstate New York and six other states under an agreement with Metroteller Systems Inc. The terminals will be available by the end of the year to...
Bell Breakup No Boon to Banks: Delays, Service Woes Irk Telecommunications Managers
NEW YORK--Elmer F. Rowekamp doesn't have much of anything good to say these days about the remnants of the once mighty Bell System. "I've just about had it with AT&T and with the local phone company," fumes Mr. rowekamp, telecommunications manager...
Dreyfus Will Stay with Pacific Century despite the Departure of Top Manager
NEW YORK -- Despite the recent exit of star fund manager arthur E. nicholas from the Pacific Century Group, Dreyfus Corp. plans to continue marketing the Pacific Horizon mutual funds formed by this subsidiary of Security Pacific National Bank. Mr....
Financial Corp. Names Three to Assist Knapp: Thrift Is Said to Be Exploring Deals to Raise Up to $4.5 Billion in Cash
NEW YORK -- The Financial Cor poration of America Wednesday announced a restructuring of top management that apparently is designed to give other top managers some of the limelight now dominated by chairman Charles Knapp. The move, described as...
IRAs Ruled Open to Creditor Claims
NEW YORK -- A state Supreme Court judge here has ruled that deposits in an individual retirement account are not protected from creditors. Judge Orest V. Maresca of New York County recently rejected Irwin Tobman's claim that only spouses, former...
It's a Heated Battle for Middle Market, with Loan Rates among the Casualties: Competition for Customers Creates Strong Downward Pressure on Pricing
CHICAGO -- With large corporations tapping the commercial paper markets to finance their borrowing needs, banks of every size are knocking each other over to win the business of the middle-market companies. The middle market -- loosely defined as...
Lack of Time Makes Passage of Bank Bill Unlikely This Year, Sen. D'Amato Says: Interstate Agreements Unfair to Big Banking States, NY Republican Claims
DALLAS -- Sen. Alphonse M. D'Amato, R-N.Y., told a group of financial services executives Tuesday that Congress is unlikely to have enough time to pass banking legislation this year. Sen. D'Amato said he opposes some provisions of a Senate bill...
McGraw-Hill Will Buy Monchik-Weber to Extend Move into On-Line Service: $55.3 Million Purchase Reflects Publisher's Growing Technological Orientation
NEW YORK -- McGraw-Hill Inc., a major magazine, newsletter, and book publisher, is moving decisively into the on-line distribution of information with the acquisition of the Monchik-Weber Corp. The two New York companies announced an agreement this...
Preparing for the Labor Union Challenge
How can management detect union activity when the organizer is going to great lengths to keep you in the dark? Frequently, employees tell the company about it. It's much easier for a union organizer to keep management in the dark than it is to keep...
Proposed Acquisition of CharterCorp Would Make Boatman's No. 1 in Missouri: Chairman Donald Brandin Then Hopes He Can Look across State Lines
ST. LOUIS -- Now Donald N. Brandin can talk publicly about something that's long been his private goal for Boatmen's Bancshares Inc. Mr. Brandin, chairman and chief executive since 1973, put together a deal last month -- the proposed acquisition...