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The Federal Reserve Inspector General's report on the failure of Silicon Valley Bank found that officials at the Federal Reserve Bank of San Francisco wanted to remove the CEO from its board before examiners downgraded SVB's supervisory ratings.

The government-sponsored enterprise has created a Spanish-language version of its HomeView program.

The month-to-month decline was larger than all estimates received by Bloomberg in a survey of economists.

David Roberson is the president of RoseRyan, a ZRG company based in Silicon Valley, providing tailored advisory expertise in the finance and accounting disciplines.

On a week-to-week basis, new application activity fell by 1.3%, with purchase volume off 2%, the Mortgage Bankers Association found.

Bank of America CEO Brian Moynihan said that consumer activity has slowed throughout the year, but should remain strong enough to position the economy for growth later in 2024.

Rahul Nawab is senior vice president, analytics at EXL, a multinational data analytics and digital operations and solutions company. At EXL, he is responsible for business development, client engagement, and overall growth of the company's Insurance Analytics business. Nawab has co-founded several companies and held various senior management roles throughout his career, giving him a breadth of experience across various verticals. Nawab has also served as a mentor at Global Insurance Accelerator—a mentor-driven business accelerator designed to foster innovation in the insurance industry.

Brian Carey is senior director, insurance solutions for Equisoft.

The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021.