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. 43, March 20

Associated Could Find M&A Benefit from Lifted Reg Order
Byline: Robert Barba Associated Banc-Corp's former compliance albatross could soon become an M&A advantage. The $24 billion-asset company has talked about its interest in acquisitions for much of the last year, but was held back by a 2012...
Credit-Scoring Sites Are Now Offering More Than Three-Digit Numbers
Byline: Mary Wisniewski Credit Karma is on a mission to disrupt the consumer lending business. The San Francisco company, which formed in 2007 to educate consumers about their credit scores and loan options, recently raised $85 million from Google...
Data Brokers, Consumer Advocates Spar over Credit Scoring's Gray Area
Byline: Kevin Wack When an office-supply store sends you a targeted offer for a new printer, the personal data the company uses to tailor its pitch is exempt from numerous consumer protection laws. Perhaps someone else will get a better offer,...
Fed Continues to Trim Bond-Buying Program
Byline: Donna Borak WASHINGTON -- The Federal Reserve Board on Wednesday took yet another step in unwinding its bond buying program, paring it to $55 billion. Despite signs that economic growth slowed this winter, policymakers agreed to continue...
Former Insider Urges Virginia National to Consider Selling Itself
Byline: Paul Davis Virginia National Bankshares (VABK) in Charlottesville is getting pressure to consider selling itself from a very familiar face. Timothy Mullen, who was its chief investment officer until December, is urging the $513 million-asset...
HELOC Resets Could Force Lenders to Rework Loans Once Again
Byline: Brian Collins For Aaron Horvath, a housing counselor who has spent much of the last five years advising homeowners on getting first-lien loan modifications, it feels like the other shoe is dropping. Once again, homeowners are beginning...
Quirky Judge Waylays Justice Department Lending Probe
Byline: Kevin Wack Payday lenders hate it. Some Republicans on Capitol Hill malign it as a witch hunt against free enterprise. But right now the biggest nemesis of "Operation Choke Point," the year-old Justice Department probe into scammers'...
Thomson Reuters Launches Know-Your-Customer Service
Byline: Amilda Dymi Thomson Reuters has launched a new client identity management solution for financial institutions that is designed to help them meet Know Your Customer regulatory requirements worldwide. Accelus Org ID was developed in partnership...