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. 172, No. 245, December 21

Bank and Thrift Stocks
Highlights: Thursday, December 20, 2007 Percentage Changes Computed from the indexes reported one, five and 20 days previous, respectively Value Day Week Month American Banker Bank Index: 1957.1 -0.43 -3.10 0.91 Thrift Index:...
Capital Pressures Loom Large on Industry Agenda
The credit crisis has made it tough for banks to maintain capital levels this year, and there's little sign of relief ahead. Thanks to eroding credit quality and unreliable capital markets, the list of companies taking hits in recent weeks has mushroomed....
Discover Takes Further Steps to Keep Credit Woes at Bay
Defending against the spread of credit problems from the mortgage market has become a leading goal for Discover Financial Services. Though the company said practices it put in place years ago offer substantial protection from such fallout, on Thursday...
Instant-Issuance Cards Catch on at TD Banknorth
TD Banknorth Inc. says it is finding good acceptance by consumers and merchants for debit cards issued at the branch when customers open new accounts. The Portland, Maine, unit of Toronto-Dominion Bank said a new generation of technology is making...
N.D. Bank Gets into Holiday Spirit and the Oprah Spirit
Last year the Christmas party for State Bank and Trust in Fargo, N.D., had a "Deal or No Deal" theme, with all the employees getting $1,000 to keep. At this year's party they got $1,000 to give. Taking a page from Oprah Winfrey's "Pay It Forward"...
People
Making a Splash Comerica Inc. has wasted no time making a name for itself in Dallas, where the former Detroit banking company moved its headquarters a few months ago. The company is sponsoring the city's New Year's Day parade and has tapped former...
Review 2007/preview 2008: Small-Bank Tech Budgeting All about Data Security These Days
Controlling costs will once again be a top priority for community banks in 2008, but there's one area where many are sparing no expense: protecting customer data. Spooked by incidents of mass data breaches and stories of hackers infiltrating bank...
Setting an OFHEO Plan, but Wishing Otherwise
WASHINGTON -- As another year ends without passage of a bill to reform the government-sponsored enterprises, James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, finds himself in a position he has tried to avoid - thinking...
Sweeping Card Reform Bill Circulates
Rep. Carolyn Maloney, the chairwoman of the House Financial Services Committees financial institutions subcommittee, is floating a far-reaching credit card bill that would bar several common ways companies charge fees and raise rates. The draft...
UMB: Tumult Creating Deal Opportunities
UMB Financial Corp.'s top asset management executive said turmoil in the financial services industry is creating opportunities for his company to acquire wealth management businesses that others want to divest. "We are finding a lot of institutions...
Viewpoint: A Depression-Era Model for Subprime Fix
Hundreds of thousands of honest homeowners are facing the horror of losing their homes because they are unable to continue making their mortgage payments. A lucky group may be able to negotiate new terms, however, if they can communicate with the investors...
Viewpoint: Fed's Mortgage Move Is a Good Start
With foreclosures reaching record levels and predictions for further trouble ahead, the Federal Reserve Board on Tuesday unanimously approved potentially sweeping changes to how mortgages are marketed, made, and serviced, especially in the nonprime...
Viewpoint: Financial Firms Not Proper Enforcers of Web Gambling Law
The end result of the Federal Reserve and Treasury Department's recently proposed rules to enforce the Unlawful Internet Gambling Enforcement Act is likely to be an excessively complex process that will require banks to adopt burdensome and ineffective...
Viewpoint: Lessons Gleaned from A Year Full of Upheaval
Looking back over 2007, this certainly has been a year of profound turmoil. Rarely have there been such large reported losses and such significant changes in the management of large financial institutions. Nor can I remember a time when more people...