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. 8, January 15

DDoS Attacks at All-Time High Worldwide: Prolexic Report
Byline: Antonio Olivero According to its quarterly report released Tuesday, Distributed Denial of Service (DDoS) mitigation technology and services provider Prolexic reported worldwide DDoS attacks remained at an all-time high during the final quarter...
Expect More Tech Consolidation in Payments, Lending Products
Byline: Jackie Stewart Banks should expect more one-stop shopping for their technology needs in the future. Vendors that serve the banking industry will keep buying other firms to round out their product offerings, industry experts say. Specifically,...
How the Senate's Filibuster Change Could Protect Dodd-Frank
Byline: Victoria Finkle WASHINGTON -- Senate Democrats' decision to change filibuster rules has shifted the composition of a powerful federal appeals court, a move that could bolster the banking agencies against future industry challenges to the...
How to Give Cardholders a Payoff Nudge
Byline: Glen Fest By the look of things, the consumer credit card business is getting healthier. Revolving loan balances fell for a fourth straight month in September, at an annual pace of 2.9%, according to Federal Reserve Board data. Delinquencies...
Iberiabank Returns to M&A, Adds Competition in South
Byline: Robert Barba Iberiabank (IBKC) is gearing up for a busy year of bank M&A, and it started with the low-hanging fruit Monday. The Lafayette, La., company's $161 million deal to buy Teche Holding (TSH) in nearby New Iberia signaled its...
Is the Target Breach a Tipping Point for Card Security?
Byline: Penny Crosman The Target breach that took place over the holidays is now believed to have affected as many as 110 million Americans -- about one in three. Target's stock price dropped about three dollars, the New York Attorney General has...
JPMorgan's Size Trumps Settlements, Revenue Drop
Byline: Maria Aspan Even if it occasionally costs $25 billion or so, it's good to be a big bank. That seemed to be the lesson Tuesday at JPMorgan Chase (JPM), which shrugged off its most recent round of eye-popping settlement costs to report...
Needham Bank Adds Book-a-Banker Feature to Website
Byline: Mary Wisniewski Needham Bank announced Tuesday an update to its website that lets consumers book appointments with in-branch bankers. It's part of a bid to make the Massachusetts community bank more accessible. "We're a 1.2 billion unapologetic...
N.Y.'S Lawsky Urges Crackdown on Payday Lenders' ACH Access
Byline: Sarah Todd New York state regulator Benjamin Lawsky on Tuesday recommended reforms that aim to prevent online payday lenders from debiting consumers' bank accounts through the automated clearing house network. Lawsky suggested more stringent...
RBS Citizens to Start Refinancing Student Loan Debt
Byline: Kevin Wack RBS Citizens announced Tuesday that it will start offering refinancing options to college graduates that have student loans with private lenders. The Providence, R.I., company joins a short list of lenders in the business of...
Senators Propose Narrow Fix for Volcker Rule
Byline: Victoria Finkle WASHINGTON -- Sens. Joe Manchin, D-W.Va., and Roger Wicker, R-Miss., introduced legislation Monday to address concerns about how collateralized debt obligations backed by trust-preferred securities are treated under the Volcker...
Wells Fargo Meets with Bitcoin Experts to 'Learn More'
Byline: Marc Hochstein Wells Fargo (WFC) wants to get to know Bitcoin. The nation's fourth-largest bank by assets convened a meeting in the Bay Area Tuesday with experts on the digital currency and payment system, and other systems like it, to...
Wells Fargo's 4Q Results Offer Hope for Loan Growth
Byline: Kevin Wack As earnings season kicks off, banks are facing the same question they've been struggling with since the start of the recession: when will loan growth gain steam? Some tentative but hopeful signals emerged Tuesday when industry...
Wells Pledges Decision on Deposit Advances Soon
Byline: Kevin Wack Within the next few months, Wells Fargo (WFC) expects to decide whether to continue offering a controversial consumer loan product that has come into regulators' crosshairs, Chief Financial Officer Timothy Sloan said Tuesday....