Shares of a dozen S&P 500 banks are falling more than 10%, and half of them are down more than 20%

Of the 12 constituent stocks of the S&P 500 SPX, all banks,
+0.60%
are down more than 10%, and five stocks are down more than 20%. The biggest decline is the shares of First Republic Bank FRC,
-73.30%,
down 74.3%; Comerica Inc. cma,
-24.60%,
a decrease of 45.7%; keycorp key,
-27.20%,
loss of 34.6%; Zion Bancorp Zion,
-24.39%,
31.6% off; and Fifth Third Bancorp FITB,
-20.35%,
Giving 25.9%. Meanwhile, some of the largest-cap banks in the S&P 500 include JP Morgan Chase & Co. jpm shares,
-1.59%
Slipped 0.8%, Bank of America Corp. BAC,
-3.24%
sank 4.5% and Wells Fargo & Co. WFC,
-5.02%
dropped 6.6%. The selloff comes in the wake of SIVB’s recent failures with S&P 500 constituents SVB Financial Group,

Silicon Valley Bank and Signature Bank SBNY,
-22.87%,
Whereas, the S&P 500 SPX,
+0.60%
was down 0.4%.