American Banker
Encyclopedia
American Banker is a daily trade newspaper
Trade journal
A trade magazine, also called a professional magazine, is a magazine published with the intention of target marketing to a specific industry or type of trade. The collective term for this area of publishing is the trade press....

 covering the financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 industry. Founded in 1836and based in New York, American Banker has approximately 50 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
Federal National Mortgage Association
The Federal National Mortgage Association , commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise , though it has been a publicly traded company since 1968...

 and Freddie Mac
Federal Home Loan Mortgage Corporation
The Federal Home Loan Mortgage Corporation , known as Freddie Mac , is a public government sponsored enterprise , headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia....

, and the near-constant wave of mergers and acquisitions that affect banks.

Although often confused with the American Bankers Association
American Bankers Association
The American Bankers Association is an industry trade group and professional association representing the United States' banking industry...

 or other industry trade groups, American Banker is an independent newspaper owned since 2004by SourceMedia
SourceMedia
SourceMedia is a mid-sized business-to-business media solution company owned by Investcorp. Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was sold by its parent company in 2004....

 and 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
John Thompson (banker)
John Thompson was a United States banker, financial publisher, and dealer in bank notes. The son of a Revolutionary War soldier, he was born near Pittsfield, Mass. He worked as a teacher and lottery-ticket dealer before moving to New York 1832 to become a dealer in bank notes...

and was renamed American Banker in 1866. It became a daily newspaper in 1899.

The newspaper also sponsors several banking industry conferences and the annual Banker of the Year awards dinner in New York.

External links

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