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Keystone via AP

European and Australian authorities are investigating several thousand leads in a multi-country tax evasion probe linked to Credit Suisse, officials reported Friday, per the AP. That includes hundreds of people in The Netherlands, France, the UK, Australia, and Germany. Dutch authorities started the investigation after receiving a tip-off, according to Reuters. Credit Suisse did not confirm a link between tax evaders and its bank.

The casualties so far: Authorities have searched people's houses, detained two people, and seized Credit Suisse documents as well as assets including luxury cars, dozens of paintings, jewelry, and even a gold bar. Dutch authorities said there would be more to come.

It doesn't look good: Switzerland bristled at the fact that it wasn't alerted of the probe, demanding an explanation. Plus, Swiss banks have a reputation for being a safe-haven for tax evaders — the U.S. DOJ fined Credit Suisse 2.6 billion USD in 2014 for helping Americans evade taxes — and this comes a day before Credit Suisse is set to start its program of Automatic Exchange of Information with European countries in the name of transparency.

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Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

Ben Geman, author of Generate
41 mins ago - Energy & Environment

Biden's emerging climate orbit

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

As of Tuesday morning, we know a lot more about President-elect Joe Biden climate personnel orbit, even as picks for agencies like EPA and DOE are outstanding, so here are a few early conclusions.

Why it matters: They're the highest-level names yet announced who will have a role in what Biden is promising will be a far-reaching climate and energy agenda.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.