Calm Before the Storm

Bank Director’s 2020 Bank Performance Scorecard Click below to see this year’s rankings. Top 25 Banks $50 Billion and Above $5 Billion up to $50 Billion $1Billion up to $5 Billion Last year marked the end of the record-long recovery from the financial crisis of 2008-09, filling the industry’s coffers with profits. It was also, as we now know, the calm before the storm. Dark clouds began to gather in July 2019, when the Federal Reserve lowered the federal funds rate for the first time since 2008. It did so again in September and October. By the end of the…

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John Maxfield


John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

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