Monday's Financial Winners & Losers

Shares of Citigroup (C Quote) were down following a published report that the company might be preparing to cut as many as 15,000 jobs. The program could cost around $1 billion. Citi was lately off 0.6% to $51.43.

Vineyard National Bancorp (VNBC Quote) climbed 4.4% on an upgrade by Oppenheimer to buy from neutral. Shares were gaining 98 cents to $23.09.

Sun Life Financial (SLF Quote) rose after the Canada-based insurer said it will retire its Clarica brand and rename it Sun Life in order to "better enable the company to leverage the strength" of its own identity. Shares were adding 18 cents to $45.58.

Among other financial-sector winners, asset manager U.S. Global Investors (GROW Quote) was rising $6.80, or 13.9%, to $55.80, specialist firm LaBranche (LAB Quote) was up 20 cents, or 2.5%, to $8.17, and Nasdaq Stock Market (NDAQ Quote) was adding 26 cents, or 0.9%, to $29.51.

On the losing side, subprime lender Accredited Home Lenders (LEND Quote) was sliding 89 cents, or 7.6%, to $10.88, Cowen Group (COWN Quote) was off 63 cents, or 3.5%, to $17.61, and savings bank Flagstar Bancorp (FBC Quote) fell 36 cents, or 2.8%, to $12.44.