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. 12, January 23

Can Carriers Do Prepaid Better Than Banks?
Byline: John Adams Whereas banks have long struggled to migrate financial relationships onto mobile devices and to attract the underserved, carriers like T-Mobile come into the market with a distinct advantage. Carriers have the benefit of knowing...
Cheat Sheet: What Bankers Need to Know about the Target Breach
Byline: Penny Crosman The massive data breach that compromised the card account information of as many as 110 million Target customers over the holidays has raised many uncomfortable questions. Among them: How could this happen? Why is the U.S....
Community Banks Drive Treasury Small-Business Loan Program
Byline: Chris Cumming Community banks have been the major drivers of a Treasury Department program that lets states design public-private programs to spur small-business lending. Community banks originated about 60% of the $1.5 billion of loans...
FDIC Sues United Western Executives over Colo. Bank's Failure
Byline: Sarah Todd The legal spat between the government and a failed Colorado bank just took a nasty turn. The Federal Deposit Insurance Corp. filed a lawsuit Friday in U.S. District Court in Colorado against nine former executives and directors...
Justice Department Turns Up Heat in Online Lending Probe
Byline: Kevin Wack The investigation's nickname is "Operation Choke Point," and that seems appropriate, because a noose appears to be tightening around the necks of banks that have business ties to online payday lenders. A tentative $1.2 million...
Missouri Bank Turns to Consulting to Boost Small-Business Lending
Byline: Jackie Stewart Lead Bank, a tiny Missouri institution, believes it has developed a winning formula to compete for small-business loans. Executives at the $100 million-asset bank in Garden City are hopeful that offering small businesses...
On Heels of Security Breaches, ICBA Lashes Back at Retailer Group
Byline: Antonio Olivero The fallout from the recent Target and Neiman Marcus security breaches has led to a war of words between bankers and retailers. With a scathing press release Wednesday, The Independent Community Bankers of America (ICBA)...
SunTrust Va. Office Consolidation Is Sign of Cost-Cutting Trend
Byline: Andy Peters Banks have gained attention lately for cutting costs by subleasing all or parts of branches that were built in the pre-online era, but the story doesn't stop there. Belt-tightening is occurring in less visible areas than the...
Texas Capital to Raise Capital, Misses Earnings Estimates
Byline: Antonio Olivero Texas Capital Bancshares (TCBI) is planning to sell 1.25 million shares of common stock in a public offering. The $11.7 billion-asset company said in a regulatory filing that will also offer underwriters a 30-day option...
U.S. Bancorp's Davis Shows Rare Optimism in Loan Forecast
Byline: Robert Barba Richard Davis, the chief executive of U.S. Bancorp (USB), could be running with the bulls come summer. Loan growth in the first half of this year will be steady, but borrowing by businesses and consumers may gain momentum...