Insights: Clients

Deposit Insurance, Reciprocal/Custodial Deposits

Bipartisan consideration of raising the current $250k FDIC deposit insurance limit has intensified, as has policy surrounding reciprocal/custodial deposits. The Senate Banking Committee (SBC) held a hearing on deposit insurance, while Sens. Hagerty (R-TN) and Alsobrooks (D-MD) introduced legislation that would increase the limit to $20m for...

FY26 Funding/Government Shutdown, ACA

Funding for discretionary programs (i.e., loans, grants, military, other government operations - not mandatory/entitlement programs) ceases on 9/30, and if a new “appropriations” bill to fund these programs is not enacted by then, they will shut down. The House today passed a “continuing resolution (CR)” on a partisan Republican basis to sustain...

Mergers & Acquisitions

Paramount Sydance/Warner Discovery

Upcoming/recent developments… The Wall Street Journal reported recently that Paramount Skydance (Paramount) is preparing a majority cash bid for Warner Brothers Discovery (Warner). The bid is apparently for the entire company. Our outlook… We believe Paramount/Warner would ultimately be cleared by federal regulators. As we are observing...

Tech / Media / Telecom

International Digital Taxes/Regulation

President Trump continues to signal his alignment with large U.S. tech firms, most recently reflected in his hosting of industry leaders (e.g., Bill Gates, Sergey Brin, Tim Cook, Mark Zuckerberg, others) at the White House. Meanwhile, his allies in Congress are highlighting censorship of U.S. citizens abroad and foreign discrimination against...

Tech / Media / Telecom

With California lawmakers having passed new AI legislation - and that bill awaiting Governor Newsom’s approval - Republican discussions around a possible moratorium on state-level AI laws are beginning to reemerge.

FY26 Government Funding/Shutdown, ACA

House and Senate Republicans appear to be planning for votes next week on a “continuing resolution (CR)" that extends FY26 government funding (appropriations) through 11/20. Without a CR, government operations (loans, grants, other non-entitlement programs) will shut down on 10/1.