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. 18, February 4

'Bad Omen' for Banks Holding $100B of Reworked Mortgages
Byline: Kate Berry Troubled home loans written before the mortgage crisis still haunt banks' balance sheets, notwithstanding the sharp reductions they have made to loan-loss reserves. Banks are continuing to restructure large numbers of residential...
Bankers Hope SBA Nominee Focuses on Online Lending
Byline: Andy Peters Bankers who work with the Small Business Administration hope that Maria Contreras-Sweet, President Obama's nominee to head the agency, will make some tweaks to improve the SBA's marketing to online and minority borrowers. ...
Banks Urge U.S. Regulators to Change Liquidity Rules
Byline: Donna Borak WASHINGTON -- Seven industry trade groups representing the largest U.S. financial institutions are calling on U.S. regulators to revise a proposed liquidity requirement to reflect changes made by global regulators. In a joint...
Cheat Sheet: How GSE Profits Affect the Housing Finance Reform Debate
Byline: Victoria Finkle WASHINGTON -- There's an elephant in the room amidst discussions on how to unwind Fannie Mae and Freddie Mac -- the two government-sponsored enterprises are now making money hand over fist. The entities rebounded to profitability...
Community Bankers Score Much-Needed Win with New Farm Bill
Byline: Victoria Finkle WASHINGTON -- The Senate is poised to vote on a massive, five-year farm bill this week that includes several provisions important for community bankers and agricultural lenders. The $956 billion legislation is the product...
FDIC Takes Action against Eight Banks, Vendors
Byline: Sarah Todd The Federal Deposit Insurance Corp. took action against eight companies and lifted orders against eleven banks in December, according to its latest monthly roundup of enforcement actions. Banesco USA in Coral Gables, Fla.,...
First Look: U.S. Bank Developing Mobile Shopping Software
Byline: Mary Wisniewski U.S. Bancorp (USB) plans to pitch businesses on a shopping-related app it's developing with Monitise PLC, a British tech company that acquired U.S. mobile banking vendor Clairmail in 2012. "Don't think of us as a bank,"...
HUD Secretary Wants Larger Housing Trust Fund
Byline: Brian Collins WASHINGTON -- Shaun Donovan, the secretary for the Department of Housing and Urban Development, is calling for a housing trust fund that can support up to $5 billion a year in affordable housing production. In a speech Monday,...
Some Banks Move to Tighten Standards on Leveraged Loans, Fed Says
Byline: Donna Borak WASHINGTON -- Some U.S. banks are tightening standards on leveraged loans as they seek to comply with new restrictions by regulators, according to a survey of loan officers released Monday by the Federal Reserve Board. "In...
Yellen Sworn in as Fed Chair as Bernanke Heads to Brookings
Byline: Donna Borak WASHINGTON -- Janet Yellen was sworn in Monday as the 15th chairman of the Federal Reserve, becoming the first woman to lead the 100-year old institution. Yellen, 67, who previously served as vice chair at the central bank,...