Is city Union bank a government affiliated bank?

European Union created " Bank Union" where banks put " bank" money for future bailouts? Why this isn't done in US UK yet?

• The new " Bank Union" , created from the European Union as an insurance to future banks crisis so banks won't need to be bailout with taxpayers money. How difficult is this to be implemented in US and UK. What amount of lobbyist pressure prevents this simple think of happening? And as a side question is this the " real reason" for the current UK government to want to leave the EU. ( not the immigration propaganda reasons).

• Answer:

  At one time in America's history there were stockpiles of money to be used specifically on various things when needed. Social security is an obvious example. When these things are not needed, however, they operate at a surplus as they should. However, political will is always lacking and surpluses and reserves are never safe. This happens in many countries - the people cry out to spend that surplus or those reserves on something they want *now*.