Bloomberg Republicans plan to kill a special committee focused on climate change when they take control of the House next year, the top GOP member of the panel said. “The climate crisis committee will not exist,” Louisiana Representative Garret Graves, the top GOP member of the House Select Committee on the Climate Crisis, said in an interview. “I don’t ...

  Bloomberg Banks will return €296.3 billion ($308 billion) of cheap loans to the European Central Bank after their terms were toughened to help the battle against record inflation. The repayment represents just under 15% of the total outstanding amount of so-called TLTRO loans, which were used during the pandemic to keep credit flowing to households and businesses. The median ...

  Bloomberg Chinese regulators asked banks to report on their ability to meet short-term obligations after a rapid selloff in bonds triggered a flood of investor withdrawals from fixed-income products. The unscheduled regulatory queries coincided with the biggest decline in China’s short-term government bonds since mid-2020. The slump — spurred by a shift towards riskier assets including stocks — prompted ...