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. 177, No. 94, June 19

Bair's Systemic Risk Council to Highlight 'What's Not Happening'
Byline: Joe Adler WASHINGTON a A group of former policymakers are arguing that the government is not making good use of the regulatory reforms enacted in the Dodd-Frank Act nearly two years ago. "Tools are only useful to the extent they are actively...
Bank of Virginia Seeks Capital, Eyes Deals
Byline: Rachel Witkowski Bank of Virginia (BOVA) in Midlothian is seeking more capital to fuel bank acquisitions following a prolonged restructuring. The company said in a proxy filing earlier this month that it is looking to raise between $2...
CapitalSource Progresses in Slow Road to BHC Status
Byline: Robert Barba It is a curious case when a business wants to become a bank holding company so it can hold less capital, but that's exactly what CapitalSource (CSE) wants to do. The commercial lender, which operates as an industrial loan...
Hensarling Urges Caution on Regulation of High-Frequency Trading
Byline: Kevin Wack WASHINGTON a GOP Rep. Jeb Hensarling warned market regulators Monday to proceed cautiously in their efforts to impose new rules on high-frequency trading. In a speech at the American Enterprise Institute, a conservative think...
North Shore Credit Union Creates Profitability Scorecards
Byline: John Adams A At first glance, it doesn't look like North Shore Credit Union is growing all that fast, or at all a a look at its roster in 2012 and 2000 would reveal it's had about 40,000 members the entire time. But during that time,...
Public Cloud or Private? Banks Map a Path towards Both
Byline: Jeremy Quittner Most banks know about the cloud, and many have even started to develop limited private clouds, leveraging the massive computing power of their internal data centers. But Deutsche Bank (DB) and National Australia Bank are...
Regions, Courting the Underbanked, Defends Payday Loans
Byline: Maria Aspan SAN FRANCISCO a For banks trying to serve more low-income customers, Regions Financial (RF) could become both a shining example and a cautionary tale. The Birmingham, Ala., bank has spent the past year trying to attract the...