The New York attorney general’s office issued subpoenas late Monday to Deutsche Bank AG and Investors Bank over their financing of Trump Organization projects for a civil investigation, The New York Times first reported.

Details: The subpoenas seek records relating to five projects, including President Trump’s unsuccessful attempt to buy the Buffalo Bills, and four Trump Organization projects, according to the Times and ABC News. Both cited unnamed sources.

The big picture: The investigation by the office of New York Attorney General Letitia James follows testimony from the president's former personal lawyer and fixer Michael Cohen that Trump inflated his total assets in financial statements. He presented Congress with statements he alleged were submitted to Deutsche Bank. The German multinational bank is one of the few financial institutions willing to lend Trump money and is the subject of two congressional investigations.

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51 mins ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.