Citigroup: Financial Winners and Losers

(Updated with closing stock prices throughout.)

NEW YORK (TheStreet) -- Citigroup (C Quote) was among the decliners in the financial sector Wednesday, following a report that regulators pressured the bank to oust its CFO.

The Financial Times reported that federal regulators came to a confidential agreement with Citigroup that the bank's CFO would be removed. Then-CFO Ned Kelly resigned in July after learning of the agreement, according to the report.

The confidential agreement between Citi and the regulators, according to the report, "emphasizes the extend of the authorities' involvement in the internal workings of Citi. Shares of the bank finished lower by a penny to $4.13.

Among other bank stocks, Wells Fargo (WFC Quote) added 1% to $26.61. On the downside, JPMorgan Chase (JPM Quote) finished down 0.7% to $41.41, Goldman Sachs (GS Quote) slipped 0.3% to $159.93, and Bank of America (BAC Quote) lost 0.9% to $16.75.

Elsewhere, shares of American International Group (AIG Quote) jumped higher after Reuters reported that new CEO Robert Benmosche has started to change the insurer's restructuring plan.

The report said Benmosche had decided it is better for the insurer to hold on to an investment advisory unit that is part of AIG's retirement services group. AIG shares closed up 8.5% to $26.64.

Among other decliners, UBS (UBS Quote) shares lost 2.9% after word the Internal Revenue Service and the Justice Department announced a settlement with the Swiss bank Wednesday. UBS will hand over the names of 5,000 individuals to tax authorities, who may use the information to build criminal cases.