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, May 27

As US Moves into Gear, Fed May Step Softly off the Pedal
As US Moves Into Gear, Fed May Step Softly Off the Pedal AFTER MONTHS OF hesitation, the U.S. economy is finally showing tell-tale signs of shifting into a higher gear. As a result, the Federal Reserve Board may begin to throttle back a bit the rate...
At Last, Relief Is in Sight for the Nation's S&L Fund
At Last, Relief Is in Sight For the Nation's S&L Fund Last fall, with losses from thrift failures soaring past federal insurance reserves, Edwin J. Gray, chairman of the Federal Home Loan Bank Board, issued an ultimatum to Congress: Find a way...
Banks, Brokerages Take Tutorial Tack with Seminars
Banks, Brokerages Take Tutorial Tack With Seminars NEW YORK -- These escalators mean business. They carry paying visitors with the smooth urgency of April trout streams to a third-floor auditorium at Manufacturers Hanover Trust Co.'s Park Avenue...
Banks Give Credit Where Credit Is Due
Banks Give Credit Where Credit Is Due On the menu at a typical Chinese restaurant, dinner No. 1 at $7.95 includes soup, egg roll, dessert, one dish from Group A, and one from Group B. Or, if you're really hungry, there's dinner No. 2, which includes...
Big Deals: Wells Fargo Decision Is Signal of Divestiture Leeway
BIG DEALS: Wells Fargo Decision Is Signal of Divestiture Leeway NEW YORK -- The bank regulatory agencies are showing new leniency regarding divestitures required in conjunction with bank acquisitions. This new stance was shown in the Federal Reserve...
Bonds on the Rebound
GOVERNMENT SECURITIES: Bonds on the Rebound Prices of U.S. Treasury bonds climbed last week, snapping a sharp sinking spell that saw the market lose nearly five points in the previous six trading days. Rebounding between Tuesday and Friday, the...
Cash Management Fees Leveling off, Survey Says; Findings Indicate Charges Are High Enough Now to Cover Costs
Cash Management Fees Leveling Off, Survey Says NEW YORK -- The fees banks charge for cash management services rose a modest 2.7% in 1985, a dramatically smaller increase than in the two previous years, according to a survey by a Chicago-based consulting...
Citytrust Reaps Plums by Harvesting Corporate Middle Market
Citytrust Reaps Plums by Harvesting Corporate Middle Market NEW YORK -- Citytrust Bancorp, Bridgeport, Conn., has more than tripled its assets and net income in five years by focusing its marketing and sales efforts on the corporate middle market....
Clash of Opinions Could Bring Real Volatility to Prices
FUTURES: Clash of Opinions Could Bring Real Volatility to Prices Q. Where are interest rates headed? A. Up, down, or nowhere over the next few days. But wherever they go, the movement will likely be rapid. Q. And interest rate futures? A. Prices...
Credit Unions Drop Card Rates in Aggressive Bid for Business
Credit Unions Drop Card Rates In Aggressive Bid for Business CHICAGO -- Credit unions are heating up the competition for credit card customers by slashing interest rates on balances. As the rates that banks charge on credit cards continue to hover...
Fed Mulls More Leeway for Banks That Own S&Ls; Asks for Comment in Response to Citicorp Petition
Fed Mulls More Leeway For Banks that Own S&Ls The Federal Reserve Board may ease the restrictions it imposes on bank holding companies that purchase troubled thrifts. In response to a petition by Citicorp, which has purchased three thrifts and...
Fidelity to Offer Gold MasterCard Via Virginia Bank
Fidelity to Offer Gold MasterCard Via Virginia Bank NEW YORK -- Fidelity Investments has announced it will make the MasterCard gold credit card available to qualified customers of its mutual funds through Bank of Virginia. The Boston-based fund...
Market Cool, but Thrifts Still Eyeing Conversions
Market Cool, But Thrifts Still Eyeing Conversions Several major thrifts have announced or are seriously considering conversions, even though the market for stock offerings has been tepid in the past few weeks. One of those thrifts, Empire of America...
North Akron Savings Works the Old-Fashioned Way, So Don't Expect Them to Take Your $200,000 Deposit
North Akron Savings Works the Old-Fashioned Way, So Don't Expect Them to Take Your $200,000 Deposit AKRON, Ohio -- The caller to the local newspaper was upset and dumbfounded. He had pulled $200,000 out of his bank and driven across town to the...
Sterling Commercial Paper Makes Modest Market Debut
Sterling Commercial Paper Makes Modest Market Debut NEW YORK -- The market in commercial paper denominated in British pounds sterling officially opened a week ago today, but analysts and traders in London say that most likely it will not really begin...
There's More Than One Way to Get Customers to Use ATMs
There's More Than One Way To Get Customers to Use ATMs NEW YORK -- After you help customers overcome their initial fears of having their cards eaten by an automated teller machine, their money spewed out all over a parking lot, and other assorted...
Trigger Dates: A State-by-State Review of Falling Borders
Trigger Dates: A State-by-State Review of Falling Borders ALABAMA: Under legislation passed on Feb. 20 that takes effect on July 1, 1987, bank holding companies from Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina,...
Who Cares about Your 'Image'? Not the Public
Who Cares About Your 'Image'? Not the Public WE HAVE TO DO SOMEthing. Our image is less solid and more docile than that of the two larger banks in town. What do you think we should do?" This was the question of the chief executive officer of a...