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, March 25

Applying Lessons of Retailing to Financial Services Marketing
Applying Lessons of Retailing To Financial Services Marketing NEW YORK -- There is a lesson to be learned from the ups and downs of the American packaged goods industry. And those who ignore it, like those who ignore history, may find themselves...
Bank of England Studies Risks of Off-Balance-Sheet Activities
Bank of England Studies Risks Of Off-Balance-Sheet Activities LONDON -- The Bank of England will attempt to pinpoint the relative risks of off-balance-sheet business by consulting with banks in London and then declaring new capital adequacy requirements,...
Banks Seek New Returns in Client Tax Services
Banks Seek New Returns In Client Tax Services TRADITIONALLY, banks and thrifts have provided any tax preparation services through their trust departments. Recently, the trend has been for regulators to allow banks to provide these services through...
Big Banks' Latin American Exposures Decline Noticeably but Remain Large
Big Banks' Latin American Exposures Decline Noticeably but Remain Large NEW YORK -- The relative exposure of major American banks to the troubled debtor nations of Latin America has declined noticeably in the past two years, although the banks seem...
Can Bankers Make a Go of the Great Getaway?
Can Banks Make a Go Of the Great Getaway? SOMEDAY NOT TOO far in the future, consumers who want to "get away from it all" may visit their local banker rather than their travel agent. As banks and thrifts look to expand the products and services...
Connecticut Thrift Makes Pitch for IRAs Via Tax Return Service
Connecticut Thrift Makes Pitch For IRAs via Tax Return Service DANIELSON, Conn. -- One of the best ways to convince people of open an individual retirement account is to show them in real figures how much they can save on their taxes. So Danielson...
European Banks Face Government Competition; Bankers in US Have Jitters about Sears and GM, but What If 39,327 Post Offices Took Deposits?
European Banks Face Government Competition MONTREUX, Switzerland -- American bankers have an understandably severe case of competitive jitters as they come to grips with General Motors, Sears Roebuck, and other nontraditional foes in their midst....
FDIC to Retain Money Market Account Limits
FDIC to Retain Money Market Account Limits WASHINGTON -- The Federal Deposit Insurance Corp. on Monday joined the Federal Reservee Board in retaining current restrictions on money market deposit account transfers. The FDIC had previously said that...
Fed Policy on ESOPs Depends on the Amount of Stock Held
Fed Poicy on ESOPs Depends on the Amount of Stock Held LEVERAGED EMPLOYEE STOCK ownership plans, or ESOPs, are becoming increasingly popular with bank holding companies. A leveraged ESOP is a tax advantaged way to raise capital. It can be used in...
Finding Funds to Finance the Student Paper Chase
Finding Funds to Finance The Student Paper Chase MANY AMERICAN FAMILIES have found that the traditional ways of paying for a college education -- part-time jobs, scholarships, savings, or grant money -- are no longer enough. The nationwide demand...
GE Reconsiders Clearing Plans, Citing Barriers; Access to Fed Settlement Service Is Called Stumbling Block
GE Reconsiders Clearing Plans, Citing Barriers ATLANTA -- General Electric Information Services Co. said Monday it was "re-evaluating" its plans to compete with the Federal Reserve System in clearing electronic payments nationwide. The statement...
Illinois Senator Who Voted for Branching Law Voted as a Director to Sell Bank to Continental
Illinois Senator Who Voted for Branching Law Voted a sa Director to Sell Bank to Continental CHICAGO -- One of the directors of a suburban Chicago bank that Continental Illinois Corp. has agreed to acquire is an Illinois state senator who voted in...
Internal Turmoil Gives Way to a New, Uncertain Age at Fed
Internal Turmoil Gives Way To a New, Uncertain Age at Fed WASHINGTON -- It's the beginning of a new era at the Federal Reserve Board. On that, Fed watchers seem to agree. But no one agrees on exactly what this new era will herald: Has Paul A....
Kansas Eases Branching Rules; Nebraska May Do Likewise
Kansas Eases Branching Rules; Nebraska May Do Likewise CHICAGO -- A law aimed at increasing the chances for failed or failing banks in small towns to be acquired takes effect in Kansas on Thursday after publication in the state register. Similar...
Locks That Don't Work
Locks That Don't Work Many banks and thrifts continue to feel that they can lock up an asset-liability spread by going to the interest rate swap market. It is possible to execute this tactic successfully, but not in the way it has usually been done....
Overdraft Caps Could Create New Wrinkles: Hourly Loans Might Be Result after Fed Policy Takes Effect
Overdraft Caps Could Create New Wrinkles NEW YORK -- After months of warnings and preparations, bankers expect that a Federal Reserve policy to curb intraday overdrafts will cause little disruption to the nation's payment system when it takes effect...
Plastic Spreads Its Peddle Power; Bankers Add Services to Credit Cards to Gain or Protect Market Share
Plastic Spreads Its Peddle Power WHEN IS A CREDIT CARD more than a credit card? Most of the time, nowadays. Since duality was established in the late '70s, virtually everybody and his banker offer add-on services to credit cards to gain or protect...
Raising the Roof: Rate Ceilings Go on Passbook Accounts
Raising the Roof Rate ceiling go on passbook accounts. IF MANY BANKS and thrifts had their druthers, April 1 would never arrive. That's the day the federal government removes the interest rate ceiling on the 86 million passbook and statement savings...
The Timid Steps into Real Estate
The Timid Steps Into Real Estate NEW ENGLANDS BANKS have been stepping gingerly when it comes to real estate consulting services. Only three major New England banks -- the Boston-based United States Trust Company, Old Stone Corporation, Providence,...
The Trouble at BancTexas: Sour Loans and Sagging Subsidiaries
The Trouble at BancTexas: Sour Loans and Sagging Subsidiaries DALLAS -- Only six of 13 subsidiary banks of BancTexas Group Inc. reported a profit in 1985, while the beleaguered company made hefty provisions to cover mounting loan losses, according...
Where the Wealth Is: A Statistical Profile of High-Income Families
Where the Wealth Is: A Statistical Profile of high-Income Families FAMILIES WITH HIGH INCOMES and large amounts of assets constitute a relatively small proportion of the population but have a relatively large share of its income and wealth. The financial...