Feb 23, 2017

Credit Suisse investigated for aiding tax evasion yet again

Peter Klaunzer/AP

The Justice Department is investigating Swiss bank Credit Suisse for helping U.S. citizens hide money abroad from tax authorities, according to sources cited by the Wall Street Journal. This comes less than 3 years after the bank plead guilty to similar crimes.

Why it matters: Because Credit Suisse pleaded guilty instead of coming to a settlement in which no wrongdoing was admitted, a second run in with the law could come with even higher penalties than $2.6 billion in fines levied against it in 2014.

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Pompeo tells Congress Hong Kong is no longer autonomous from China

Photo: Nicholas Kamm/Pool/AFP via Getty Images

Secretary of State Mike Pompeo said in a statement Wednesday that he has certified to Congress that Hong Kong is no longer autonomous from China and does not warrant special treatment under U.S. law.

Why it matters: Revoking Hong Kong's special status would hasten its economic and financial decline, already set in motion by China's growing political grip on the city. The preferential status that the U.S. has long granted Hong Kong has made the city a top U.S. trading partner.

Go deeper (1 min. read)ArrowUpdated 27 mins ago - World

Podcast: Trump vs. Twitter ... vs. Trump

Twitter came under fire on Tuesday for allowing President Trump to tweet conspiracy theories about Joe Scarborough and the 2001 death of one of his staffers, despite the objections of the staffer's family. The company came under further fire from Trump himself for fact-checking two of his tweets about mail-in voting.

Dan and the New York Times' Kara Swisher dig into Trump’s use of the platform and Twitter’s steps — and missteps — in handling it.

Go deeper: Trump has turned Big Tech's speech rules into a political football

53 mins ago - Technology

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 5,618,829 — Total deaths: 351,146 — Total recoveries — 2,311,404Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 1,681,793 — Total deaths: 98,933 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Tech: Zipline drones deliver masks to hospitals; vaccines could be next
  5. Business: Boeing to lay off 6,770 more U.S. employees.
  6. 🏒Sports: NHL unveils 24-team playoff plan to return from hiatus.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 58 mins ago - Politics & Policy