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. F312, March 21

AAA Auto Club Group to Buy Illinois Bank
Byline: Robert Barba The sale of an Illinois bank is bucking the trend of banking and insurance moving away from each other. Insurer Auto Club Group said Thursday that its $66 million-asset Auto Club Trust FSB would buy the $465 million-asset...
CFPB Report Fuels Crackdown on Debt Collectors
Byline: Rachel Witkowski WASHINGTON -- The Consumer Financial Protection Bureau released a report Thursday showing consumers are being "hounded" by debt collectors, adding more fuel to the fire in the agency's efforts to crack down on the industry's...
Fed's Dodd-Frank Stress Test Results a Mixed Bag for Banks
Byline: Victoria Finkle WASHINGTON -- The Federal Reserve Board released its second annual round of stress tests mandated by the Dodd-Frank Act on Thursday, providing a glimpse into how the country's biggest firms would fare under a hypothetical...
IBM's Anti-Fraud Push Strikes a Chord with Banks
Byline: Penny Crosman IBM can identify with the integration pains its bank clients are feeling these days. The tech vendor has acquired several security and analytics software companies in recent years -- including Trusteer, i2, and SPSS -- and...
Lending Club Expands into Business Loans
Byline: Kevin Wack Lending Club, the peer-to-peer lender that specializes in personal loans to consumers, is expanding its offerings to include small-business loans. The San Francisco company announced that it has begun making business loans...
Quest for Market Share Drives Online Banking Vendor Q2's IPO
Byline: Mary Wisniewski Q2 Holdings, a digital banking vendor targeting regional and community banks, made its initial public offering debut Thursday. The Austin company, formed in 2005 as CBG Holdings, sells a number of financial services products,...
Regional Banks Threatened with Soaring Legal Bills
Byline: Andy Peters The potential for crushing legal bills isn't just for megabanks any more. At least eight regional banks have raised the ceiling on their potential losses tied to ongoing legal matters. For some institutions, the new estimates,...
Social Media Complaints Provide Banks Chance to Step Up Service
Byline: Jackie Stewart Bankers should view customer complaints as an opportunity to score points with customers, especially when those comments come from social media. This notion may seem counterintuitive. Comments on social media are often...
Third of Americans Have Less Than $1,000 in Retirement Savings
Byline: Sarah Todd Fewer Americans are saving for retirement and those who do set aside funds for their golden years are saving less. Nearly two-thirds of workers say they or their spouses have retirement savings, which is virtually unchanged...