The Business Brew

John Maxfield - Maxfield on Banks

61 snips
Dec 12, 2024
John Maxfield, a banking expert with rich insights from researching top bankers, delves deep into the intricate world of finance. He explores the unique supply and demand of credit and the traits that set successful bankers apart. Historical tragedies and their psychological impacts on bankers add depth to the discussion. John also highlights modern banking challenges, including the rise of private credit. With personal anecdotes and experiences, he shares the importance of networking and how innovative banking practices are reshaping the industry.
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INSIGHT

Inverted Supply/Demand in Banking

  • Banking's supply/demand dynamic is inverted: lowering credit terms creates infinite demand.
  • Bankers must control growth, unlike other businesses where the market does.
ANECDOTE

Richard Davis' Story

  • Richard Davis, former CEO of US Bank, exemplifies great banking through personal tragedy.
  • His father's sudden death shaped his belief in acknowledging employees' families.
ANECDOTE

U.S. Bank Branch Story

  • John Maxfield visited the site of Richard Davis' father's accident.
  • He discovered a U.S. Bank branch where the hardware store used to be.
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