American Banker Wins Six Awards for General Excellence, Reporting

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The Society of American Business Editors and Writers has honored American Banker with journalism awards in six categories for 2013, including general excellence.

In addition to general excellence, American Banker was recognized for excellence in breaking news and investigative and explanatory reporting. Wrote the SABEW judges in granting the general excellence award:

"American Banker provides innovative finance coverage on everything from leveraged loans to force-placed insurance. It's not always easy to make articles on banking fascinating, but the writers at American Banker manage to do it consistently in issue after issue. We loved articles like Lessons from a Terrible Thursday at JPMorgan, Too Big to Jail, Taxpayers Lose as GSE Plan Dies and the expansive coverage on the unbanked. Journalists write with authority and institutional knowledge on a variety of policy issues from the fate of Fannie Mae and Freddie Mac to the impact of Dodd-Frank on the industry often with angles that won't be found anywhere else. Bravo!"

Other multiple-award winners include Bloomberg News with 13 honors, the New York Times with eight, Reuters with seven and the Los Angeles Times and ProPublica with five each, SABEW said. The group received a record 1,123 entries from 181 news outlets across 72 categories and honored 150 submissions.

A full listing of the SABEW award recipients announced Thursday is available on the group's web site.

The Society of American Business Editors and Writers is a nonprofit member organization headquartered in Phoenix at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.



The Seven Largest Sanctions-Related Fines Against Banks

The Justice Department announced a criminal plea and settlement with BNP Paribas on Monday, in which the French bank will pay nearly $8.9 billion to settle charges it willfully continued to do business with countries and entities on the U.S. sanctions list. It was the largest sanctions fine in the Justice Department's history more than four times larger than #2 on the list. The following are the largest penalties paid by banks for sanctions violations.

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