Bloomberg reveals bankruptcy details of five banks in US

WORLD, May 02 (YPA) – Bankruptcy of “First Republic” in the United States has revived concerns about the safety of the US banking sector amid experts warning of the possibility of new banks collapsing.

Bloomberg published a report on the bankruptcy of “First Republic” in which it revealed the five largest bankruptcies in the US banking sector.

According to Bloomberg, First Republic ranked second, with assets of $ 229 billion, while the Washington Mutual collapsed in 2008 came in first place, with the bank’s assets reaching $ 307 billion.

In third place came Silicon Valley Bank with assets estimated at $ 167 billion, followed by Signature Bank with assets estimated at about $ 110 billion.

According to the report, three of the four largest US bank failures have occurred in the past two months.

E.M