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. 164, No. 144, July 29

Amcore Brokerage Unit Begins Offering On-Line Trading, Research, and Quotes
Amcore Financial Inc. of Rockford, Ill., plans to introduce on-line brokerage services today. Following in the footsteps of numerous other bank brokerages, Amcore Financial Group is to offer on-line securities trading, research, and stock quotes....
Banks Tapping Branch Employees' Sales Potential
Banks are taking a new look at an old investment product sales strategy: training front-line branch employees to double as brokers. The trend is most pronounced at large banks, which traditionally have hired full-time brokers to lead the investment...
BB&T Paying $639 Million to Bulk Up in Georgia
BB&T Corp. continued its push into Georgia Wednesday, unveiling a deal to buy Premier Bancshares of Atlanta for $639 million of stock. The stock deal is the Winston-Salem, N.C., banking company's third in Georgia this year and the company's...
Bill Would Let Banks Use the Internet to Fulfill Disclosure Requirements
WASHINGTON - Banks could make the disclosures required by federal consumer protection laws over the Internet instead of on paper under a bipartisan bill introduced in Congress this week. Under the Electronic Disclosures Delivery Act of 1999,...
Company Index
A - B Amcore,8 America Online,14 America's Community Bankers,2 American Council of the Blind,1 Amsouth,1 AOL Canada,14 Baltimore Ravens,4 Banco Santander Central Hispano,22 Bank of America,4,9,24 Bank One,1, 24 Banque...
Deutsche Bank Profits Up 45% in First Half of Year
Deutsche Bank AG said net income rose 45% in the first six months of the year, to $1.9 billion, buoyed by robust trading and market-related revenues plus a cut in corporate income taxes. On an operating basis, excluding taxes and one-time events,...
Government Officials Hail Opening of Banking Industry's Security Lab
RESTON, Va. - The Banking Industry Technology Secretariat opened its security-testing laboratory Wednesday to a chorus of approval from government officials. The officials-including past and present members of the Senate and officials of the...
National City Plans to Buy A Calif. Nonagency Lender
Cleveland's National City Corp. took a step toward diversifying its mortgage-asset mix this week with a deal for nonagency lender First Franklin Financial Cos. The San Jose, Calif., company, a unit of a private equity investment affiliate of Bank...
New Investment Path Being Eyed for Home Loan Banks
WASHINGTON - The Federal Home Loan Bank System would face sweeping changes of its capital and investments under a proposal issued Wednesday. The plan would require the 12 Home Loan banks to increase lending to member banks and thrifts and gradually...
On-Line Banking: America Online Deal to Extend Royal Bank's Reach in U.S. Market
Royal Bank of Canada made its intentions for North American on-line banking clearer than ever with the cobranded marketing strategy it revealed on Tuesday with America Online Inc. and AOL Canada Inc. Royal Bank and its U.S. subsidiaries will offer...
On-Line Banking: European Internet Bank Plans Late-Summer Debut
A venture that aims to be the first pan-European Internet-only bank expects to begin signing up customers within weeks, its chief executive officer said. First-e will start in the United Kingdom in August or September and expand within 18 months...
ReliaStar Hints It's Seeking More Fund Firm Purchases
ReliaStar Financial Corp.'s planned acquisition of the asset manager Pilgrim Capital Corp. may not be its last deal for an investment company, the insurer's chairman said. Pilgrim, a $7.6 billion-asset fund company, would be merged into Northstar...
Wells, Citi to Test Talking ATMs as Groups of Blind Talk Lawsuit
Under pressure from advocacy groups for the blind, some banks are preparing their automated teller machines to talk. The advocates for the visually impaired argue that the ability to deliver instructions by voice should become standard with ATMs....
Women's Trade Group Marks 20 Years of Service
Facing a layoff from her job in Chicago and expecting her third child, Mary Dwyer Pembroke needed help. The former Capitol Hill staff member was new to the Windy City and had few professional contacts there, so she turned to an old reliable back...