Illustration: Lazaro Gamio/Axios

Malaysia is seeking a $7.5 billion fine from Goldman Sachs; France is seeking a $4.2 billion fine from UBS. Both cases are unabashedly political, and are accompanied by criminal charges against the relevant bankers.

My thought bubble: Foreign banks make for a very appealing piñata in most countries at most times. Global banks such as Goldman and UBS should expect more fines and prosecutions in future, whether they're deserved or not. After all, there are 195 countries in the world today. It stands to reason that at any given moment, one or two of those countries will find bank prosecutions rather appealing.

Go deeper: How Goldman Sachs facilitated the heist of the century

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 p.m. ET: 31,201,975 — Total deaths: 963,068— Total recoveries: 21,356,412Map.
  2. U.S.: Total confirmed cases as of 11 p.m. ET: 6,833,931 — Total deaths: 199,815 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

Sen. Cory Gardner on vacant Supreme Court seat: "I will vote to confirm"

Photo: Alex Wong/Getty Images

Sen. Cory Gardner (R-Colo.) will vote to confirm President Trump's nominee to replace the late Ruth Bader Ginsburg, he announced in a statement Monday.

Why it matters: The development is a win for President Trump and Senate Majority Leader Mitch McConnell (R-Ky.). It should mean Republicans are all but assured to have enough support to hold hearings for Trump's potential nominee.

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