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They can. It won't matter to First-Citizens who will just backfill the deposits using Fed BTFP loans, or higher duration better matched deposits from elsewhere.
by neilwilson 4y ago
They can. It won't matter to First-Citizens who will just backfill the deposits using Fed BTFP loans, or higher duration better matched deposits from elsewhere.
That book is worth $72bn on run off. $16.5bn pays an awful lot of interest.