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. 27, February 20

Bank of America Hit with Housing Bias Complaint
Byline: Sarah Todd The National Fair Housing Alliance is accusing Bank of America (BAC) of discriminating against Latino mortgage applicants. The charges stem from a months-long undercover investigation of the mortgage application process at...
BNC Deal in N.C. Shows Timing's Importance with M&A
Byline: Paul Davis Timing is everything when it comes to bank mergers. That message was reinforced recently, when BNC Bancorp (BNCN) in High Point, N.C., filed notice of a shareholder meeting needed to approve its pending purchase of South Street...
Complaints to Mortgage Servicers in National Settlement Level Off
Byline: Evan Nemeroff The volume of complaints lodged by distressed borrowers to four of the largest U.S. banks has stabilized, the monitor for the national mortgage settlement says. However, complaints remain higher than he would like, Joseph...
Do Banks Have a Future in Small-Dollar Credit?
Byline: Kevin Wack Consumer advocates derided it as a "bank payday loan," while its sellers preferred the more neutral-sounding term "deposit advance." Whatever name goes on its tombstone, the product's funeral was unceremonious. Over a weeklong...
Fannie, Freddie Charging Servicers 'Unfair' Fees, MBA Chief Says
Byline: Kate Berry, Amilda Dymi Fannie Mae and Freddie Mac should stop charging mortgage servicers "unfair fees" for foreclosure delays, the head of the Mortgage Bankers Association said Wednesday. "Servicers now face compensatory fees, not for...
FDIC Defends Handling of IndyMac Run
Byline: Joe Adler WASHINGTON -- Federal Deposit Insurance Corp. officials defended the agency Thursday against charges it has improperly handled the failure of IndyMac Bancorp Inc., stirring concerns among depositors nationwide. The agency has...
JPMorgan's Appetite for Multifamily Loans Keeps Growing
Byline: Kate Berry JPMorgan Chase may be the quintessential New York money center bank, but the Big Apple is a rare market where it lags in multifamily lending. Nationwide, the largest U.S. bank's apartment loan business is mushrooming, aided...
Lender Blacklists Gain Traction in Leveraged-Loan Deals
Byline: Glen Fest Leveraged-loan borrowers often prefer certain lenders when they hit the market, seeking out familiar names they trust to protect their sensitive, non-public information and to offer flexibility for modifications and waivers. ...
Q&A with Westpac's Digital Chief on Wearable Computing, iBeacon
Byline: Penny Crosman Westpac has set for itself an ambitious goal: to be the "best digital bank" in New Zealand, if not the world. Based on some of its latest tests with Google Glass, iBeacons and smart watches, the bank has a shot at the title....
Top CFPB Official Vows Crack Down on Mortgage Servicers
Byline: Rachel Witkowski WASHINGTON -- No more Mr. Nice Guy. That was the message that the Consumer Financial Protection Bureau's No. 2 sent to mortgage servicers attending an industry conference on Wednesday. Steven Antonakes, the agency's deputy...
Why Suit against JPM's $13B Settlement Faces Uphill Battle
Byline: Brian Collins WASHINGTON -- A financial reform group hoping to block the government's $13 billion settlement with JPMorgan Chase faces a steep uphill climb. Better Markets filed suit last week, claiming the Justice Department ignored...