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. 22, February 11

Data Security, Regulation Weigh Heavily on Retail Bankers
Byline: Jackie Stewart The use of smart-chip technology in credit and debit cards is not enough to prevent future data breaches, an industry trade group argues. Rather, a broader discussion is needed to look at improving security on other channels,...
Lawsky's Move Raises Tough Questions for Ocwen, Servicing Market
Byline: Kate Berry By halting Ocwen Financial's (OCN) deal to buy a mortgage servicing portfolio from Wells Fargo (WFC), New York regulator Benjamin Lawsky has called into question the servicer's ambitious growth plans. Lawsky's move also raises...
More Banks Are Turning to Chapter 11 to Survive
Byline: Robert Barba Bankruptcy within banking used to be uncharted water, but the drastic measure is starting to look like the only way for some institutions to reach dry land. First Mariner Bancorp (FMAR) in Baltimore said Monday that it plans...
New Capital Rule Could Cost Credit Unions $7.3B: CUNA
Byline: Ray Birch WASHINGTON -- CUNA is confirming what several analysts have already told Credit Union Journal: that NCUA's proposed new risk-based capital rule will cost many credit unions a lot more to maintain healthy capital cushions needed...
Reform Group Challenges JPM's $13B Mortgage Settlement in Court
Byline: Brian Collins WASHINGTON -- A non-profit legal group said Monday that it is seeking judicial review of the landmark $13 billion settlement that JPMorgan Chase executives negotiated with top Department of Justice officials. The group,...
Why the Payment System Is Suddenly a Hot Topic in D.C
Byline: Joe Adler WASHINGTON -- The payment system is unexpectedly the center of attention in the financial services policy world after spending years being overshadowed by the financial crisis and other pressing issues. Massive data breaches,...