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Squawk on the Street
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Is the Cost of Funds Going Up?
The Irish per share power of all these banks is going to be hurt. Well, maybe the case for Huntington, but I'm not sure it is the case for First Republic. The point here is a $3.7 billion of borrowing from the Thorel Home Loan Bank. That's more expensive for them than paying you 1% in the same account. If we're going to just focus on a handful of banks that have been problematic, that's continental Illinois.
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