31 min

For Businesses, How Do You Pick the Right Bank‪?‬ Paychex THRIVE, a Business Podcast

    • Management

With the recent bank failures, many people and businesses throughout the U.S. are wondering what the future may hold for the banking industry. That’s why we’re talking with Sayee Srinivasan, Chief Economist and Head of Research for the American Bankers Association. Hear what he had to say about the state of the banking sector, the importance of micro vs. macro trends, why businesses should build a relationship with their bank, FDIC coverage, and much more.
Topics Include:
00:00 – Welcome, Sayee Srinivasan00:58 – Introduction to the American Bankers Association05:25 – The economy based on banking data07:39 – Micro vs macro trends09:27 – Should we be worried about the banks?11:08 – The state of the banking system12:11 – Building a relationship with your bank14:32 – Questions you should be asking16:32 – Regulatory requirements17:56 – Finding data on banks19:12 – FDIC coverage23:14 – Competitive non-bank entities26:19 – Interest rate outlook30:53 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas at https://pages.paychex.com/business-podcast-requests.html.
DISCLAIMER:The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

With the recent bank failures, many people and businesses throughout the U.S. are wondering what the future may hold for the banking industry. That’s why we’re talking with Sayee Srinivasan, Chief Economist and Head of Research for the American Bankers Association. Hear what he had to say about the state of the banking sector, the importance of micro vs. macro trends, why businesses should build a relationship with their bank, FDIC coverage, and much more.
Topics Include:
00:00 – Welcome, Sayee Srinivasan00:58 – Introduction to the American Bankers Association05:25 – The economy based on banking data07:39 – Micro vs macro trends09:27 – Should we be worried about the banks?11:08 – The state of the banking system12:11 – Building a relationship with your bank14:32 – Questions you should be asking16:32 – Regulatory requirements17:56 – Finding data on banks19:12 – FDIC coverage23:14 – Competitive non-bank entities26:19 – Interest rate outlook30:53 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas at https://pages.paychex.com/business-podcast-requests.html.
DISCLAIMER:The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

31 min