U.S. Republicans seek answers from regulators over SVB’s collapse – Thune

(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)