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. 6, January 13

A Good Sign for Deals Involving Private Banks
Byline: Andy Peters Georgia's M&A market for banks was dormant for years, but a recent deal provides another sign that it is reawakening -- this time for privately held banks. It could be a good sign for private banks in other states that...
BancorpSouth Could Use Acquisition to Reduce Its Own Costs
Byline: Andy Peters Call it subtraction by addition. BancorpSouth (BXS) in Tupelo, Miss., recently agreed to buy Ouachita Bancshares in Monroe, La., marking the $12.9 billion-asset company's first bank acquisition since the financial crisis....
Barclaycard's New Online Dream Account Rewards Depositors for Saving
Byline: Mary Wisniewski Barclaycard US quietly introduced a new goal-oriented savings account called Dream in time for consumers' New Year's resolutions. The online account aims to score the division of the British bank a new crop of U.S. customers...
Hilltop in Texas Makes Unsolicited Offer for SWS Group
Byline: Antonio Olivero The Texas holding company Hilltop Holdings (HTH) has made an unsolicited bid to buy the remaining shares in SWS Group that it does not already own. In a letter to SWS' board Friday, the $9 billion-asset Hilltop offered...
Obama Leaves Key Spot Vacant amid New Fed Nominations
Byline: Donna Borak WASHINGTON -- President Obama announced three nominations to the Federal Reserve Board on Friday, but left a critical spot unfilled: a second vice chair in charge of bank supervision. The nominations of Stanley Fischer, former...
Resolution Plan Summaries Posted for 'Third Wave' Banks
Byline: Joe Adler WASHINGTON -- Regulators posted condensed blueprints Friday from 116 banking firms on how they could be unwound in a failure. The release by the Federal Deposit Insurance Corp. and Federal Reserve Board closes an early chapter...
Senate Republicans Unveil Volcker Rule Fix Legislation
Byline: Victoria Finkle WASHINGTON -- A group of Republican Senators introduced a bill Thursday evening to address concerns about treatment under the Volcker Rule of collateralized debt obligations backed by trust-preferred securities. The legislation,...
Sole Proprietors Face Hurdles Obtaining QM Loans
Byline: Kate Berry Self-employed individuals and small-business owners may not meet the requirements of new mortgage rules that went into effect Friday and could face hurdles obtaining new home loans. As banks and mortgage lenders parse the requirements...
Subprime Auto Market Heats Up, Loan Standards Weaken: Moody's
Byline: Sarah Todd Auto lenders are making more loans to weaker borrowers as consumer demand for cars increases and low interest rates continue to fatten profit margins, according to a Moody's report released Friday. The Moody's report, which...
Talmer in Michigan Planning IPO
Byline: Antonio Olivero Talmer Bancorp in Troy, Mich., is planning to go public. The $4.7 billion-asset company and certain investors are planning to raise up to $230 million through an initial public offering. Talmer, backed by billionaire Wilbur...
Tougher Reviews, Disclosure Debate Highlight New Phase of Living Wills
Byline: Joe Adler WASHINGTON -- The first two years of a requirement for large firms to draft "living wills" almost felt like a dress rehearsal, but that appears likely to change in 2014. The New Year promises more rigorous grading of banking...