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. 179, No. 4, January 8

CFPB May Revisit Small Bank QM Exemptions
Byline: Rachel Witkowski WASHINGTON -- The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from it qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's...
Congress Preparing to Step into Volcker Rule Fight
Byline: Victoria Finkle WASHINGTON -- Lawmakers are gearing up to intervene if regulators fail to resolve ongoing concerns about the treatment of collateralized debt obligations backed by trust-preferred securities under the Volcker Rule. Reps....
Major Banks to Continue Making Interest-Only, Non-QM Loans
Byline: Kate Berry The nation's top banks will all continue making interest-only mortgages -- primarily to wealthy borrowers -- even though such loans do not conform to new mortgage regulations that take effect this week. The Consumer Financial...
Small Business Owners Badly Want Mobile Banking: Survey
Byline: Sarah Todd Mobile banking services hold serious sway over small business owners, according to a new study. Sixty-six percent of small business owners said that they would switch banks for better mobile services, according to the annual...
The Downside of the Data-Driven Decision
Byline: Penny Crosman The law of unintended consequences states that for every action, there will be three unintended consequences, and one of them will be particularly unpleasant. The movement in banking toward increased use of analytics and data-driven...
U.S. Bancorp to Pay $315M for RBS' Chicago Branches
Byline: Chris Cumming U.S. Bancorp (USB) in Minneapolis has agreed to buy the Chicago branches of RBS Citizens Financial Group, a deal that would double its deposit share in the Windy City. U.S. Bancorp would acquire 94 branches, which do business...
Why Prosecutors Let JPM Skip 'Jail' with $2.6B Settlement
Byline: Chris Cumming A top federal official on Tuesday defended his decision not to prosecute JPMorgan Chase (JPM) for allegedly facilitating Bernie Madoff's Ponzi scheme, calling a deferred-prosecution agreement and monetary penalty an "appropriate"...
Will U.S. Bancorp's Branch Deal Start a Big-Bank M&A Thaw?
Byline: Robert Barba For the biggest banks in the country, M&A has been as cold as Chicago in January. But U.S. Bancorp's (USB) latest move has the rest of the industry watching the thermometer. The Minneapolis bank's $315 million deal to...