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. 156, No. 122, June 25

Bank Loans in International Arena off to Slowest Start in Five Years
Bank Loans in International Arena Off to Slowest Start in Five Years NEW YORK -- The contraction in bank lending has spread to the international market for syndications. Banks virtually stopped financing mergers and acquisitions in the first four...
Banks Find a Gold Mine in Managing FDIC Assets
Banks Find a Gold Mine in Managing FDIC Assets With real estate in a period of retrenchment that could last for the next five years, banks are discovering a new way to snatch fees from fiascos by helping the government to liquidate the troubled assets....
Capital Directives: Obey 'Em or Else!
Capital Directives: Obey 'Em or Else! Banks concerned about minimum capital-ratio requirements should be alert to a court decision that will have major impact on the way the Federal Deposit Insurance Corp. and other regulators administer this regulation....
Continental's Theobald Banks on Middle Market
Continental's Theobald Banks on Middle Market CHICAGO -- When the Federal Deposit Insurance Corp. sold its stake in Continental Bank Corp. last month, Thomas C. Theobald threw a street party complete with banners, wine, and live music. Thrilled...
CoreStates Rx: Add Capital, Boost Profits, Buy Up Banks
CoreStates Rx: Add Capital, Boost Profits, Buy Up Banks Recent moves by CoreStates Financial Corp. to amass a war chest for acquisitions are making bankers nervous in neighboring markets. The Philadelphia banking company has ambitious growth plans...
C&S/Sovran Stock Dips in Wake of Regulatory Agreement
C&S/Sovran Stock Dips in Wake of Regulatory Agreement NEW YORK -- Shares of C&S/Sovran Corp. were off $1 on Monday afternoon following the company's announcement that it had signed regulatory agreements for its Washington, D.C., and Virginia...
FDIC Is Losing a Crusader as Feinstein Goes Private
FDIC Is Losing a Crusader As Feinstein Goes Private WASHINGTON -- The Federal Deposit Insurance Corp. had itself a crusader in lawyer Howard Feinstein, who is about to leave the agency to take a job in the Washington office of Thacher Proffitt &...
IBM-Wang Marketing Pact Brightens Picture for Both
IBM-Wang Marketing Pact Brightens Picture for Both The alliance between Wang Laboratories and International Business Machines Corp. should help financially strapped Wang survive and give IBM access to advanced document imaging technology, according...
Industry Fending off Unwanted Reforms
Industry Fending Off Unwanted Reforms Credit unions and their advocates have beaten back a raft of amendments to the administration's banking reform package. In the course of a week, the House Banking Committee shelved proposals that would have...
New IBM Midrange Attracts Small Banks; Model D Costs Less Than Previous AS/400 Machines, but Does More
New IBM Midrange Attracts Small Banks Model D Costs Less than Previous AS/400 Machines, but Does More The revamped line of midrange computers announced by IBM last month is spelling large savings for some community banks. The new IBM AS/400...
Seidman Warns of Pressure to Raise Thrifts' Premium; Says Trigger Could Be Bank Fees above 23 Cents
Seidman Warns of Pressure To Raise Thrifts' Premium Says Trigger Could Be Bank Fees Above 23 [cents] WASHINGTON -- Thrifts' deposit insurance premiums, currently 23 cents per $100 of deposits, are likely to go higher if commercial banks' premiums...
Wachovia to Acquire S.C. National Corp.; Stock Swap Valued at $835 Million
Wachovia to Acquire S.C. National Corp. Stock Swap Valued at $835 Million In its first major acquisition in five years, Wachovia Corp. will buy South Carolina National Corp. in a stock swap valued at $835 million. Wachovia, based in Winston-Salem,...