U.S. Republicans seek answers from regulators over SVB's collapse - Thune
Tweet
Share
E-mail
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Financial sector stocks fall as traders rotate into tech
- Texas Governor Abbott halts all state-issued permits for data centers until grid audit is complete
- Shooting at South Africa house party kills 11, injures three
Create E-mail Alert Related Categories
Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
