NEW YORK, March 13. /TASS/. The Nasdaq KBW index reflecting the US banking sector status declined by 13% after the trading session start at the New York Stock Exchange.

The decline was the strongest for stocks of First Republic by 70%, with the trading halted after that, and for PacWest Bancorp by 46%.

Silicon Valley Bank, the sixteenth bank in the US in terms of the asset value, became bankrupt on Friday.