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. 178, No. 42, March 19

Bank Industry Group Revives Faster Payments Plan
Byline: Kevin Wack Some of the nation's biggest banks killed a proposal in 2012 that would have enabled electronic payments to be processed on the same day they're initiated. Now the industry group that championed that plan, Nacha, is reviving...
Faster Payments Plan Is Still Too Slow, Critics Say
Byline: Kevin Wack A 2012 proposal to enable the processing of electronic transactions on the same day they're initiated died unceremoniously. But now there's a renewed push for faster payments. The new goal -- laid out Tuesday by Nacha, the...
FDIC Fears Becoming 'Insurer to the World'
Byline: Barbara A. Rehm With its new depositor preference proposal, the Federal Deposit Insurance Corp. decided to skip over the current problem and fix one that doesn't exist -- yet. On Feb. 12 the FDIC proposed a relatively simple idea: when...
Hour's Work Done in Minutes as E-Signed FHA Loans Close
Byline: Austin Kilgore In what is being billed as an industry first, Mountain America Credit Union closed its first electronically-signed FHA mortgages Monday under the Federal Housing Administration's new e-sign policy. Two loans, one refinancing...
Many Americans Blame Merchants for Data Breaches: Survey
Byline: Amilda Dymi Over half of Americans blame Target and Neiman Marcus for the recent data breaches suffered by their customers and think merchants should prevent future incidents, according to a national survey commissioned by Feedzai. About...
RBS Citizens Needs Internal Fixes before IPO: CEO Van Saun
Byline: Maria Aspan ORLANDO -- Bruce Van Saun plans to start separating RBS Citizens from the Royal Bank of Scotland later this year. But as in all divorces, first he must face the devil in the details. RBS sent Van Saun to take over Citizens...
Refocused Branches, Advisory Services Offer Hope for Courting Small Businesses
Byline: Jackie Stewart Many community banks have adopted the view that snagging small-business customers is a marathon, not a sprint. Small businesses can be more profitable than consumers, industry experts say. Still, banks must become trusted...
Top Banks in Mortgage Settlement Meet Consumer Relief Goal
Byline: Kate Berry The nation's top four top banks have satisfied their consumer relief and refinancing obligations under the national mortgage settlement and have until next year to comply with the agreement's servicing standards. In a report...
What Latest GSE Bill Could Mean for Shareholders
Byline: Victoria Finkle WASHINGTON -- The Senate Banking Committee's efforts to reform the mortgage finance system have been lauded by a variety of stakeholders, but details from a new bill are stoking fresh concerns from Fannie Mae and Freddie...