Citizens and Regions post higher profits as Truist's earnings fall on a securities-sale loss

1. Bank & fintech

   Citizens and Regions post higher profits; Truist's falls on a securities loss

   Citizens earned $636 million, up 29%, and Regions $611 million for common shareholders, up 11%, while Truist's net income fell to $0.80 billion from $1.45 billion after a $1.4 billion pre-tax loss on selling securities.

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2. AI

   Anthropic tells prospective IPO investors its revenue rose 45% to $16.8 billion

   Anthropic told prospective investors its third-quarter revenue rose about 45% to $16.8 billion and that it was profitable on an adjusted basis, according to news reports; the figures are unaudited.

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3. Credit & fraud

   Lawsuits say impostors talked First Horizon's help desk into reissuing security tokens

   Two sets of business customers allege callers posing as account holders got First Horizon's help desk to reissue tokens before $23.8 million was wired out; the bank says its controls worked.

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4. Policy

   Treasury sanctions an Iraqi bank and Iranian exchange houses in new Iran crackdown

   Treasury says the networks moved hundreds of millions of dollars for Iran, and foreign banks that keep dealing with them risk losing U.S. dollar accounts.

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5. Macro

   Producer prices jump 1.3% in September, the most since March 2022

   Energy drove the rise, with gasoline up 20.3%, and producer prices were 6.3% higher than a year earlier.

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Each item links to a full, sourced article. The briefing is rewritten through the day as news scans add stories; the notes above record each change.