EMC Mortgage Sued by Securitization Trust in New York

JPMorgan Chase & Co.’s (JPM) EMC Mortgage unit was sued for breach of contract by a trust that financed the purchase of residential mortgage loans.

StanChart achieves landmark RMB 1bn of ECP issuance

Standard Chartered has exceeded RMB 1 billion in outstanding Euro Commercial Paper (ECP) issuance, positioning the bank as the largest issuer of RMB ECP out of London.

A Model for Banks: Citi's Broad Payments Vision

If you believe Citi's (NYSE: C) Paul Galant, the world's access to the Internet will be greater than its access to water in the near future.

The New York bank's head of its Global Enterprise Payments group says he believes banks — in particular his own — hold the keys to mobile commerce.