A stock broker looks at his screens in front of the share price index DAX graph following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened, at the stock exchange in Frankfurt, Germany, March 16, 2023. REUTERS/Kai Pfaffenbach TPX IMAGES OF THE DAY 

A stock broker sits in front of the share price index DAX graph following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened, at the stock exchange in Frankfurt, Germany, March 16, 2023. REUTERS/Kai Pfaffenbach 

A photographer takes pictures of stock brokers at the German stock exchange while the share price index DAX graph is showing downwards following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank’s implosion deepened, at the stock exchange in Frankfurt, Germany, March 16, 2023. REUTERS/Staff 

The German share price index DAX graph is pictured as stocks slid following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened, at the stock exchange in Frankfurt, Germany, March 15, 2023. REUTERS/Staff 

The German share price index DAX graph is pictured as stocks slid following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank’s implosion deepened, at the stock exchange in Frankfurt, Germany, March 15, 2023. REUTERS/Staff 

The German share price index DAX graph is pictured as stocks slid following the shares of Credit Suisse hit a record low in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened, at the stock exchange in Frankfurt, Germany, March 15, 2023. REUTERS/Staff 

The path to the fall of Silicon Valley Bank 

The path to the fall of Silicon Valley Bank 

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer is escorted into the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

Customers line up outside of the Silicon Valley Bank headquarters, waiting to speak with representatives, in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

Customers line up outside of the Silicon Valley Bank headquarters, prior to it opening, in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

FDIC Representatives Luis Mayorga and Igor Fayermark speak with customers at the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder TPX IMAGES OF THE DAY 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

A police officer controls an access to a branch of Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

A press release from the Federal Deposit Insurance Corporation (FDIC) is taped to the door of a branch of Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

A U.S. flag flies outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder 

Pedestrians and a cyclist pass by the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A Silicon Valley Bank employee holds the door for a customer at the bank's branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A view of the Park Avenue location of Silicon Valley Bank (SVB), in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado 

A view of the Park Avenue location of Silicon Valley Bank (SVB), in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado 

A view of the Park Avenue location of Silicon Valley Bank (SVB), in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado 

An employee removes tape from the window at the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

Costumers lineup outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

FDIC representatives Luis Mayorga and Igor Fayermark speak with customers outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

FDIC representatives speak with customers outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

Costumers lineup outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer takes a photograph of a newly posted letter at the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

A Silicon Valley Bank employee tapes a press release about the FDIC's decision to protect the bank's depositors to the windows of the SVB branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

An employee removes tape from the window at the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A person walks past the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A view of a logo at the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A person walks past the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

An employee holds the door open at the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

The Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki 

A bank employee is let in as a customer lines up outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

A customer lines up outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

The Silicon Valley Bank headquarters seen from the street in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

A bank employee waits to be let in as a customer lines up outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

FDIC representatives Luis Mayorga and Igor Fayermark speak with customers outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-Small 

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco 

The logo of Silicon Valley Bank SVB is pictured at its German branch in Frankfurt, Germany, March 13, 2023, after Germany's financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of SVB in the wake of its demise and noted the branch has "no systemic relevance". REUTERS/Tilman Blasshofer 

The German branch of Silicon Valley Bank SVB is pictured in Frankfurt, Germany, March 13, 2023, after Germany's financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of SVB in the wake of its demise and noted the branch has "no systemic relevance". REUTERS/Tilman Blasshofer 

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco 

A man walks past the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco 

Customers line up outside a branch of Boston Private Bank and Trust Company, which is owned by Silicon Valley Bank, in Boston, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder