PANews reported on March 12 that according to Twitter user @AP_Abacus, First Republic Bank is on the verge of bankruptcy and employees are preparing for the worst. According to previous news, Robert Kiyosaki, author of "Rich Dad Poor Dad", also said that after the collapse of two major banks, Silicon Valley Bank and Silvergate Bank, a third bank is about to go bankrupt, but he did not disclose the name of the bank.