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, August 11

Arizona Enters Interstate Era: Banks from across the Country Survey the Turf
Arizona Enters Interstate Era Banks from Across the Country Survey the Turf AT NINE O'CLOCK ON A quiet Monday morning, a uniformed security guard naps lazily on a couch in the lobby of the Valley Bank Building, headquarters for Phoenix's most...
Chicago Lenders Shortchanged Minority Neighborhoods in Early '80S, Nonprofit Group Finds in 500-Bank Survey
Chicago Lenders Shortchanged Minority Neighborhoods In Early '80s, Nonprofit Group Finds in 500-Bank Survey Vast disparities continued to exist in the first four years of the 1980s in the level of residential lending by Chicago area banks and savings...
Former Bankers Clay Allen and Duane Arnold of Denver Develop Their Own Crystal Ball for Interest Rate Trends
Former Bankers Clay Allen and Duane Arnold of Denver Develop Their Own Crystal Ball for Interest Rate Trends ANYONE INTERESTED IN KNOWING THE LONG-term trends for interest rates? Two former bankers turned stockbrokers in Denver claim that they...
Good-Bye Balanced Budget - and Hello Inflation
Good-Bye Balanced Budget--and Hello Inflation AT BOTH ENDS OF PENNSYLVANIA Avenue, the Washington establishment was busy last week presenting one of its least edifying spectacles--the perennial effort to control the federal budget. To the surprise...
Insurers Aim to Keep Benefits Funds
Insurers Aim to Keep Benefits Funds An overwhelming majority of the people who unexpectedly receive a substantial check will deposit it automatically in a financial institution pending any investment decision. That reflex has enabled banks and...
Legal Tricks That Don't Make Economic Sense
Legal Tricks that Don't Make Economic Sense SOMETIMES BANKERS AND others involved in business find that the law and legalistic tactics that some attorneys use seem to frustrate justice and bring actions that make no economic sense. We can look...
Lending a Hand to the World's Lenders: Three-Year Old Institute Monitors Country Risk
Lending a Hand to the World's Lenders Political Risk Insurance Reviving Foreign Loans? To Kuan-Tzu, the Chinese philosopher, is attributed the saying, "If you give a man a fish, he will have a meal. Teach him to fish, and he will eat all his...
London Views Mishap at Chase Broker: 'Stagging' by Employees Ill-Timed before Big Bang
London Views Mishap at Chase Broker "Stagging' by Employees Ill-Timed Before Big Bang Chase Manhattan Corp.'s acknowledgment that some staff members at Chase Manhattan Securities, its London subsidiary, committed "errors of judgment' in a recent...
Name Changing Gathers Steam
Name Changing Gathers Steam When the Bank of Virginia Co. changed its name last month, it ran advertisements in financial newspapers showing the word "Signet' being chiseled in stone. Into that symbolism--suggesting strength and permanence--went...
Robert Morris Associates' New President Thinks the Banking Industry Can Use More Risk Management
Robert Morris Associates' New President Thinks The Banking Industry Can Use More Risk Management Banking is a risky business. And it's the risk part of the business that Malcolm T. Murray Jr. appears to have a special affinity for. "I've spent...
Seafirst and Schwab Sales Could Bolster BankAmerica, but the Quick Fix Could Be Costly over Long Haul
Seafirst and Schwab Sales Could Bolster BankAmerica, But the Quick Fix Could Be Costly over Long Haul Is a whole BankAmerica Corp. worth more than the sum of its parts? Analysts seem to think so, and they recommend that the ailing San Francisco...
SEC Agrees to Permit Security Pacific to Operate Options Trading System without Registering
SEC Agrees to Permit Security Pacific to Operate Options Trading System Without Registering Security Pacific National Bank's plan to start an interest rate options trading system in New York cleared one major regulatory hurdle here on Friday. Staff...
Small Reaction to Refunding Action
Small Reaction to Refunding Action The Treasury securities market gave ground slightly last week, but the losses were minimal considering the huge package of new notes and bonds dealers and investors had to absorb in the government's August refunding....
The Incredible Shrinking Garn Bill
The Incredible Shrinking Garn Bill By the beginning of last week, most close observers assumed that Senate Banking Committee Chairman Jake Garn's omnibus banking bill was dead in the water. On Thursday the Utah Republican conceded the point. Now...