American Banker

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American Banker
Type Daily newspaper
Format Tabloid
Owner(s) SourceMedia
Publisher Cynthia Ramsey Vice President & Group Publisher
Editor Neil Weinberg Editor in Chief
Barbara Rehm Editor at Large
Richard Melville Group Editorial Director, Banking
Founded 1836
Language English
Headquarters New York, NY
Circulation 36,502 (June 2011)[1]
ISSN 0002-7561
Official website www.americanbanker.com

American Banker is a daily trade newspaper covering the financial services industry. Founded in 1836[2][3] and based in New York, American Banker has approximately 50[4] reporters and editors in six U.S. cities who monitor developments and breaking news affecting banks. The newspaper has won praise for its coverage of important policy issues, including passage of the Gramm–Leach–Bliley Act, congressional debates surrounding regulation of government-sponsored enterprises like Fannie Mae and Freddie Mac, and the near-constant wave of mergers and acquisitions that affect banks.

Traditionally published as a five-day-a-week print daily, the newspaper now appears in print Monday through Thursday, with the Friday edition available online only. The newspaper's Web site receives 560,000 hits per month, and is updated continuously.[5] Neil Weinberg, a former Forbes Media editor, was named Editor in Chief in May 2011, succeeding Barbara Rehm.[6] Former editors of the newspaper include Edwin A. Finn, who topped the masthead in 1990–92.[7] and Phil Roosevelt, who was editor from 1995 to 1999.[8] As of May 2012, Finn was editor and president and Roosevelt was deputy managing editor of Barron's.

Although often confused with the American Bankers Association or other industry trade groups, American Banker is an independent newspaper and is unaffiliated with any portion of the banking industry. The newspaper was founded as "Thompson's Bank Note Reporter" in 1836 by American financier John Thompson and was renamed American Banker in 1866. It became a daily newspaper in 1899.[9] Members of the Otis family of Boston purchased the newspaper and its sister publication, Bond Buyer, around 1910, and for several decades it remained a family-owned enterprise. Otis descendant Derick Otis Steinman was Chairman and CEO of American Banker and Bond Buyer from 1975 to the mid-1980s.[10] Steinman transitioned the newspapers to the computer era, and facilitated their sale in 1983 to International Thomson, from the estate of Charles Otis.[11] American Banker has been owned since 2004[12] by SourceMedia.

The newspaper also sponsors several banking industry conferences and the Most Powerful Women in Banking [13] awards dinner in New York. It awards the Banker of the Year and other Best in Banking honors annually in a special edition.[14] The annual Banker of the Year awards dinner that had been an American Banker tradition on and off since the early 1990s was halted in the aftermath of the financial crisis of 2008–9.

References[edit]

  1. ^ BPA Worldwide
  2. ^ American Banker newspaper masthead
  3. ^ Dillistin, William H. 1949. Bank note reporters and counterfeit dectectors 1826–1866. Numismatic Notes and Monographs, no. 114. New York: American Numismatic Society.
  4. ^ Verified count from American Banker masthead, April 7, 2010
  5. ^ "American Banker Celebrates 175th Anniversary, Preps for Releaunch," Foliomag.com, June 4, 2011, retrieved May 7, 2012
  6. ^ http://www.americanbanker.com/authors/1115.html
  7. ^ Bloomberg Business week executive profile of Edwin A. Finn Jr., retrieved May 7, 2017
  8. ^ American Banker mastheads
  9. ^ American Banker 150th Anniversary, 1836 to 1986, a Commemorative Edition, Library of Congress catalog number HG2461 A4B3 1986
  10. ^ http://www.nytimes.com/2002/01/17/classified/paid-notice-deaths-steinmann-derick-otis.html
  11. ^ "Thomson to Buy American Banker," New York Times, February 15, 1983
  12. ^ http://query.nytimes.com/gst/fullpage.html?res=9E03E7DA123BF93AA35753C1A9629C8B63&scp=1&sq=Investcorp%20American%20Banker&st=cse
  13. ^ http://www.americanbanker.com/women-in-banking/
  14. ^ http://www.americanbanker.com/best-in-banking/

External links[edit]