$30 Billion in new wholesale deposits is not enough to keep First Republic's stock from plunging another 20%: A First Republic Bank branch in Santa Monica, California, US, on Monday, March 13, 2023. The ... [+] collapse of Silicon Valley Bank has prompted a global reckoning at venture capital and private equity firms, which found themselves suddenly exposed all together to the tech industrys money machine. Photographer: Lauren Justice/Bloomberg Silicon Valley Bank and Signature Bank followed the second path to failure.