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. 157, No. 45, March 6

Abbey National Shines in U.K.; Former Thrift Flourishing in Weak Realty Market
LONDON--Abbey National PLC, a former British thrift that has been born again as a heavyweight consumer bank, has emerged as the U.K.'s second most profitable bank. Humbling bigger commercial bank rivals like National Westminster Bank and Barclays...
AmSouth Bids for a Thrift in Its Core Market
ST. PETERSBURG, Fla.--AmSouth Bancorp. has bid to acquire the failed Jefferson Federal Savings and Loan Association of Birmingham, Ala., and will seek other thrifts or small banks that fit strategically, chief executive John Woods said. "We are...
ATM Law Put on Hold in N.Y.; City Council Sets Hearing on Tougher Security Rules
New York City officials have delayed adoption of a low that would require extensive security measures at automated teller machine sites. The delay gives bankers a chance to voice their concerns. The bill, which would require every ATM site in...
Banc One Unit Beefed Up by Parent's Acquisitions
Almost inadvertently, Banc One Corp. is becoming a power in mortgage banking. In feeding its hunger for bank and thrift acquisitions, the Ohio-based bank company has substantially fattened its Banc One Mortgage Corp., and origination and servicing...
Credit Bureau Measure Softened by House Panel
WASHINGTON--The House Banking subcommittee on consumer affairs and coinage approved legislation Thursday aimed at protecting consumers from abuses by credit bureaus. But several provisions feared by bankers were dropped or modified, and consumer...
Despite Ruling, Goodwill Jackpot Remains Elusive
Buyers of troubled thrifts thought they had struck pay dirt when a federal court ruled last month that the government had broken its promise to let a Minnesota thrift count supervisory goodwill as capital. But the hoped-for bonanza - hundreds of...
Equimark Makes 'Buy Lists' but Still Has Its Detractors
The share price of Pittsburgh's Equimark Corp. has more than doubled from depressed levels since Dec. 31. And some bank analysts think the once-troubled stock may be able to keep rising for the next year to 18 months. Advest Inc.'s Frank Barkocy...
Glut Prompts New Attitudes by Employers and Recruits
Although there is a glut of qualified applicants looking for jobs, bankers say it has not radically altered hiring practices or lowered salaries. But the oversupply has led to a significant change in attitudes. For starters, the traditional bias...
How to Cut Costs While Improving Service
"I'd like to try a Vulcan mind meld. "How about if we could talk in visuals instead of words?" "Let's get Bush to pass a law against acronyms." "Maybe we could hook up our heads to a CRT." Ideas for a new series of science fiction stories?...
KeyCorp Bids $775 Million for Puget Sound Bank
KeyCorp of Albany, N.Y., has made an unsolicited offer to buy Puget Sound Bancorp, the largest independent commercial bank in Washington State, for about $775 million in stock, sources said Thursday. Puget Sound's board is set to meet over the weekend...
Managing Risk as Inflation Takes a U-Turn
The commercial lending environment in the coming economic expansion will be unlike anything we have experienced in almost three decades. It will present opportunities for unprecedented success to banks that are prepared for, and remain committed...
Meridian Joins Rivals in Home Banking Trend
In a classic case of keeping up with the Joneses, Meridian Bancorp became the seventh bank in the Philadelphia area to offer home banking services to consumers through the Prodigy Services Inc. system. Reading, Pa.-based Meridian, like its rivals,...
NationsBank to Sponsor Olympics for $40 Million
Moving aggressively to trumpet its new identity, NationsBank Corp. said Thursday it will pay $40 million to become the first corporate sponsor of the 1996 Olympic Games in Atlanta. In return for its investment, the Southeast giant will be the only...
Quality Management Basics: First, Learn to Walk
For any bank launching a transition into a structured, quality-management process, putting the basics in place is a smart way to start. It is desirable, if not mandatory, to learn to walk before trying to run. At first glance, the transition may...
Rate Rise Kills Some Bond Gains
The recent rise in bond market yields is wiping out some of the hefty unrealized gains made by banks that invested heavily in government securities last year. A notable case, NationsBank Corp., which has one of the largest investment portfolios,...
Warning to CEOs: Focus on Star Workers
When Continental Bank Corp. began a restructuring that would eliminate half of its 10,000 workers, top management aimed to reorganize around the bank's best people. But four years later, 3,000 of the bank's 5,000 current employees are newcomers....
When Banks Need Data, Her Firm Scoops Uncle Sam
Bankers in the Washington area who need the latest industry data in a hurry don't phone their nearby federal regulators. Instead, they call Ann G. Turner, executive director of the Financial Institutions Data Exchange in Charlottesville, Va. ...