Silicon Valley Bank

The move to seek bankruptcy protection comes after the company said on March 13 it was planning to explore strategic alternatives for its businesses.

Signature Bank was closed two days after Silicon Valley Bank's collapse.

"The key event of the week is Friday's central bank rate decision, where we do not expect to change, with the hawkish rhetoric to remain," said Dmitry Polevoy, head of investment at Locko-invest

US regulators on Sunday stepped in after the collapse of SVB - the largest US bank failure since 2008, which suffered a run after a big hit on a portfolio of bonds.

Biden on Sunday hinted at new regulation of big banks after the biggest US bank failure since the 2008 financial crisis, but faces a divided Congress.

The lesson from this should be that despite domestic turmoil or geopolitical threats faced, Israeli entrepreneurs are safer with their money at home

Experts warned that following the collapse, Israeli startups will face decreased valuation and increased competition for funding.

Israel's tech sector is the country's main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed.

SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning.

Netanyahu says he is closely following the events.