Nonye Ayeni is receiving guests, taking meetings and encouraging visitors to sign the guest book inside the buzzing Nigerian pavilion at the Intra-African Trade Fair (IATF) 2025 in Algiers. Attending her second IATF from 4 to 10 September, the executive director and CEO of the Nigeria Export Promotion Council (NEPC) is delighted with Nigeria’s pavilion and footfalls.“You can see for yourself. This is bigger and better than Cairo,” she says, waving to take in the expansive space. “You can see people, buyers, ...

This week’s Weekender takes a brisk, slightly irreverent lap around real, historical financial rescues, from J.P. Morgan’s locked-door diplomacy to depositors getting saved while shareholders didn’t.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content ...

Key insight: KPMG repeatedly certified the three banks as financially sound, even shortly before the banks failed.Supporting data: The firm earned nearly $20M in combined fees in 2022 from the three banks.Forward look: Lawmakers are recommending auditing industry reforms, including mandatory auditor competition, expanded Public Company Accounting Oversight Board disclosure and new whistleblower programs.Accounting firm KPMG, which audited each of the three midsize regional banks that failed in 2023, signed ...

Lawmakers and banking groups emphasized that reform should be empirically driven and carefully calibrated to avoid unintended costs.Proposals range from maintaining current limits to raising coverage for business accounts, with debate over costs and national security implications.Bank leaders and regulators urged senators to consider targeted deposit insurance reform to protect business operating accounts, especially in light of digital-age deposit flight risks.Bank CEOs told lawmakers at a Senate Committee ...