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. 28, February 24

Bank IPOs to Spike in 2014, Says KBW Chief Michaud
Byline: Robert Barba Banks are looking for scale, and their advisors are, too. Early signs show that Stifel Financial (SF) has found the desired scale a year after buying Keefe, Bruyette & Woods. Stifel kept the KBW brand for its financial...
BBVA's Simple Purchase Reflects Mobile Banking's Sizzle
Byline: Penny Crosman Spanish bank BBVA has long been known as a tech-savvy leader in digital banking. Its U.S. subsidiary, BBVA Compass, boasts what is widely regarded as some of the best-designed mobile banking apps in the country. So on first...
How the FDIC Can Fix Its Big Bank Resolution Plan
Byline: Joe Adler WASHINGTON -- If the Federal Deposit Insurance Corp.'s big-bank cleanup plan were a video game, the agency would be past the opening levels but still a good ways from defeating the final villain. That is the main takeaway from...
JPMorgan Chase Debt Collections Slip Again
Byline: Maria Aspan The regulatory pressures on JPMorgan Chase's (JPM) consumer debt collections operation continue to squeeze its recoveries. Three years ago, the country's biggest bank recovered $1.37 billion from unpaid credit card bills it...
Mortgage-Assistance Scam Lands Florida Men Seven Years in Prison
Byline: Sarah Todd Two Florida men have been sentenced to serve seven years in federal prison for swindling more than $4 million from borrowers who were behind on their mortgages. Christopher Godfrey and Dennis Fischer charged struggling homeowners...
Pot Business Will Be a Small-Bank Game
Byline: Kevin Wack Deck - Section - Comm, CF Keywords - LINKS - By Kevin Wack Big banks are just saying no to the marijuana business, while some smaller banks and credit unions are showing sparks of interest. The split within the...
Turbulent Days of 2008 Feel like Ages Ago for Fannie Mae
Byline: Brian Collins WASHINGTON -- How different the past and present look for Fannie Mae just over five years after the government-sponsored enterprise's controversial bailout. A once-tumultuous housing market is settling down, and past questions...