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. 44, March 24

An Encore, and Sudden Exit, at TCF
Byline: Paul Davis TCF Financial Corp. announced a surprise leadership change Monday, reinstalling its iconic former chief executive less than a week after reporting disappointing earnings plagued by deteriorating credit. The Wayzata, Minn.,...
Appeals Court Upholds Fed Rule on Debit Interchange Fees
Byline: Kevin Wack A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees....
Banks' Victory on Swipe Fees Seems Likely to Hold Up
Byline: Kevin Wack The banking industry's victory on debit card interchange fees seems likely to be the decisive turn in a high-stakes legal dispute with retailers. A three-judge panel ruled Friday that the existing price caps and rules on competition...
CFPB Reveals Evaluation Disparity Data to Employees
Byline: Rachel Witkowski WASHINGTON -- The Consumer Financial Protection Bureau released a report Friday to employees detailing its diversity statistics and the racial disparities in performance evaluations reported two weeks ago by American Banker....
Fed Revises Dodd-Frank Stress Test Results
Byline: Victoria Finkle WASHINGTON -- The Federal Reserve Board revised its findings to the closely watched Dodd-Frank Act stress tests on Friday, citing inconsistencies in the treatment of some figures during its calculations. The agency released...
Housing Advocates Criticize Johnson-Crapo GSE Bill
Byline: Victoria Finkle WASHINGTON - A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority...
Moody's Downgrades First Niagara; Cites Asset-Quality Concerns
Byline: Evan Nemeroff Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels. Moody's lowered its...
Most Housing Markets Still Worse off Than in '06: Report
Byline: Sarah Todd Most housing markets are faring better than they did in the depths of the recession, but the recovery still has a long way to go. Just 8% of housing markets in 410 U.S. counties are better off than they were in 2006 -- a year...
Trade Groups Urge Regulator to Hold GSE Loan Limits Steady
Byline: Brian Collins Housing and lending groups are urging the government sponsored enterprise regulator and conservator to keep the Fannie Mae and Freddie Mac loan limits where they are for now. "As Congress considers comprehensive housing...
Wells Plans New Credit Cards This Summer in Catch-Up Bid
Byline: Maria Aspan Breaking into the ultra-competitive credit card market requires time, money and creative thinking. Wells Fargo (WFC) is behind on the first and isn't talking about the second, but is hoping that the third can make up the difference....