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. 19, February 5

Fed Pushes Ahead with Vision of Faster Payments
Byline: Kevin Wack The Federal Reserve banks signaled Tuesday that they are pushing ahead with their efforts to encourage the construction of a faster nationwide payment system. The regional Fed banks received nearly 200 comments in response...
Loan Outlook Mixed at Small Banks after Decent 4Q
Byline: Jackie Stewart Community banks, coming off a decent quarter in terms of loan growth, should expect marginal improvement in the year ahead. Aided by increased activity in commercial real estate and more fixed-rate loans, community banks...
Raj Date's Firm to Launch Subprime Credit Card
Byline: Kevin Wack The subprime credit card market, long down for the count, may finally be poised for a comeback. A team assembled by ex-regulator Raj Date is preparing to launch a plastic card for Americans who don't qualify for mainstream...
Why ATM Finder Apps Sometimes Fail
Byline: David Heun ATM and branch locator apps can serve a valuable purpose for consumers seeking cash in unfamiliar territory, but there are many hurdles to keeping their data current and the machines properly branded. Sometimes the apps and...