John Maxfield from "Maxfield on Banks" stops by the show. John is a wealth of knowledge and has an entertaining personality. Bill and John cover a lot of ground. John discusses the history and dynamics of banking, including the unique supply and demand of credit, traits of successful bankers, and the impact of historical tragedies on banker psychology. The episode also covers stories of notable bankers and failures, the free banking era, liquidity surges, and banking crises. John also delves into modern banking dynamics, including the rise of private credit, and shares insights from his extensive research and personal experiences with top bankers. Additionally, John talks about his elite banking symposium and unique forms of networking and learning in the banking sector. You can find John's past symposiums here: https://www.thebankingsymposium.com/ And his archive on https://www.maxfieldonbanks.com/ Show Notes: 00:00 Welcome to the Business Brew 01:23 Introducing John Maxfield 01:54 The Art of Banking 02:28 The Common Traits of Great Bankers 16:22 Historical Perspectives on Banking 20:16 The Free Banking Era 25:03 Modern Banking Challenges and Innovations 41:04 The Beale Model and Banking Risks 41:45 Factoring Company Acquisition 43:14 Blockchain in Trucking Industry 44:03 Building a Competitive Network 50:51 Banking Failures and Historical Insights 56:08 The Role of AI in Banking Research 01:00:48 Personal Stories and Networking 01:05:45 Citigroup's Complexities and Global Role 01:10:55 Elite Banking Symposium 01:15:51 Final Thoughts and Farewell
