For Businesses, How Do You Pick the Right Bank?

On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Chief Economist and Head of Research at the American Bankers Association, Sayee Srinivasan. Tune in to hear what Sayee had to say about the current state of the banking industry and the impact on businesses. Find out more about why building a relationship with your bank is so important, how to find information and data about banks, FDIC coverage, and more.

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Topics Include:

00:00 – Welcome, Sayee Srinivasan
00:58 – Introduction to the American Bankers Association
05:25 – The economy based on banking data
07:39 – Micro vs macro trends
09:27 – Should we be worried about the banks?
11:08 – The state of the banking system
12:11 – Building a relationship with your bank
14:32 – Questions you should be asking
16:32 – Regulatory requirements
17:56 – Finding data on banks
19:12 – FDIC coverage
23:14 – Competitive non-bank entities
26:19 – Interest rate outlook
30:53 – Wrap up