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. 178, No. F302, January 10

As QM Goes into Effect, Uncertainty Is the Only Sure Thing
Byline: Rachel Witkowski WASHINGTON -- A sweeping set of mortgage rules that primarily target underwriting standards is due to take effect on Friday, but lenders, regulators and market experts remain unsure exactly what their impact will be. ...
Banks' Risk Tech Spending Expected to Grow Steeply through 2017
Byline: Penny Crosman The next four years will be lucrative for vendors that sell risk management technology to banks, if IDC's latest projections prove to be true. The analyst firm expects banks' risk tech spending to increase at a steady compound...
Consumer Delinquencies Fall to Record Lows: ABA
Byline: Kevin Wack As the U.S. economy shows signs of greater strength, a small rise in consumer delinquencies early last year is looking more like a blip than the start of a sustained trend. During the third quarter of 2013, a composite ratio...
For Some Community Banks, QM Stands for Quitting Mortgages
Byline: Jackie Stewart Community banks are being forced to rethink their mortgage strategy as regulatory change and ongoing commoditization redefines the business. Several small banks have disclosed plans to downsize or shut down their mortgage...
IBM Announces $1 Billion Investment, 2 New Bank Clients for Watson
Byline: Penny Crosman DBS Bank in Singapore has committed to using IBM's Watson technology for three years and plans to spend about $11.8 million on it; Nedbank in Southern Africa has also agreed to begin using the high-end business intelligence...
Why JPMorgan Chase Is KBW's Top Stock Pick for 2014
Byline: Kevin Wack Month after month, JPMorgan Chase (JPM) endures negative headlines -- this week came the announcement that the bank is paying $2.6 billion to settle allegations related to Bernard Madoff's Ponzi scheme -- yet investment analysts...