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. F304, January 24

Banks Outshine Retailers in Battling Card Fraud: Survey
Byline: Sarah Todd Banks and credit unions are outperforming retailers in the war against credit card fraud, according to a new survey from Javelin Strategy & Research. Retail giant Target, which suffered a massive security breach at the...
BOK Completes Banks' Exit from Deposit Advance Market
Byline: Kevin Wack If loan products were the subject of obituaries, this would be the death notice for the bank deposit advance. The controversial consumer credit product, which strongly resembles a payday loan, has been facing extinction since...
Discover Rides Loan Growth to 12% Increase in Profits
Byline: Kevin Wack Discover Financial Services (DFS) rode credit card loan growth in the fourth quarter to earnings of $602 million, an increase of nearly 12% over the same period in 2012. The Riverwoods, Ill.-based card issuer reported earnings...
Flagstar Beats Estimates on Tax Gain
Byline: Sarah Todd Flagstar Bancorp (FBC) in Troy, Mich., outstripped earnings estimates by a wide margin as the company received a $410 million tax benefit and slashed its loan-loss provision by 72%. The company earned $160.5 million in the...
Justice Dept. Tries to Quell Bank, Processor Concerns about Online Lending Probe
The Department of Justice is reaching out to two financial industry trade groups in an apparent effort to quell concerns about the scope of its investigation into fraudsters' use of the banking system. Online payday lenders, companies that process...
Paydiant Patent-Protects ATM-to-App Technology
Byline: Bailey Reutzel Paydiant has received a patent for technology that lets consumers withdraw cash from ATMs using their smartphones, a feature that it says should appeal to banks. Diebold and FIS already offer Paydiant's technology to their...
Regional Bankers Express Optimism for Consumer Lending
Byline: Jackie Stewart, Maria Aspan Commercial lending remains the brightest spot for many regional banks' fourth-quarter results, but there are also some glimmers of hope in consumer businesses. Executives at Fifth Third Bancorp (FITB) in Cincinnati...
Rural California Lenders Merge to Take on the Megabanks
Byline: Chris Cumming TriCo Bancshares (TCBK) in Chico, Calif., wants to outperform the country's biggest banks in the rural communities it serves, and that means it has to think like a big bank. TriCo announced plans this week to buy North Valley...
T-Mobile Answers Call of Underbanked as Banks Fail to Pick Up
Byline: Mary Wisniewski, Penny Crosman T-Mobile's bid to provide basic checking services to its mobile phone customers is the latest signal that banks are losing the low end of the consumer market. By offering a reloadable prepaid Visa card,...
Treasury Official Plots Tarp Endgame
Byline: Rachel Witkowski WASHINGTON -- More than five years after the financial crisis, the Troubled Asset Relief Program continues to be viewed skeptically by the public, who see it as little more than a bailout fund for banks and automakers. ...