U.S. Republicans seek answers from regulators over SVB's collapse - Thune
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FILE PHOTO: U.S. Senator John Thune (R-SD) and other U.S senators unveil legislation that would allow the Biden administration to "ban or prohibit" foreign technology products such as the Chinese-owned video app TikTok during a news conference on Capitol
(Reuters) - Most Republican members want answers from regulators as to why they were "asleep at the switch" over the collapse of Silicon Valley Bank and it is premature to discuss legislative solutions to banking problems, the U.S. Senate's No. 2 Republican John Thune said on Wednesday.
(Reporting by Richard Cowan in Washington; writing by Costas Pitas)
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