Why are US banks collapsing??? An association of the biggest banks in the United States put BILLIONS of USD together the help rescue the reported “failing bank” First Republic Bank. First Republic Bank a commercial bank that also provide wealth management services. First Republic Bank is a bank that is known to cater to wealth or high net-worth clients. First Republic Bank reportedly received deposits of $5 Billion a piece from JPMorgan, Chase, Citigroup, Bank of America and Wells Fargo. More multi billion dollar “bailouts” will come from Goldman Sachs, Morgan Stanley, Truist, PNC, US Bancorp, State Street and Bank of New York.
