Oppenheimer will return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.

A judge has ruled that the involuntary bankruptcy of FMB Bancshares in Lakeland, Ga., may proceed, a decision that could embolden more trust-preferred creditors to pursue a similar strategy.

The incoming president of the EU, Jean-Claude Juncker has nominated Lord Jonathan Hill of Oareford to oversee Europe's financial services sector.

UBS, Deutsche Bank and Jeffries priced a $1.3 billion of commercial mortgage bonds Tuesday,

Citigroup is planning an as-yet unsized offering of notes backed by credit card receivables from its Citibank Credit Card Issuance Trust.

Jardine Lloyd Thomson Capital Markets allows smaller issuers to piggyback on its Market Re platform, reducing frictional costs.

Bank of America upsized and priced its third credit card securitization of the year from its BA Credit Card Trust, according to a deal document.

The September CMBS pipeline continues to build. This week JP Morgan is marketing a large loan CMBS deal while Goldman Sachs and Citigroup plan to jointly issue a conduit deal.

MotoNovo Finance, a division of FirstRand Bank, plans to issue £101.3 million of securities backed by U.K. auto leases, according to a Moody’s Investors Service presale. Mercedes Benz and Santander Consumer also respectively priced German and Norwegian auto loan paper.

The European Central Bank (ECB) may spend up to €800 billion on securitizations, covered bonds, and financial aid for banks in its upcoming stimulus measures, according to several market reports.

Stonegate Mortgage Corp. is expanding into New York and Massachusetts as it seeks to increase its originations of nonagency jumbo loans and lays the groundwork for its first private-label securitization.

Wells Fargo and RBS priced a $1.4 billion conduit, kicking off what is slated to be a busy September for commercial mortgage bonds.