Tuesday's Financial Winners & Losers

Citigroup (C Quote) plans to end its retail banking operations in France and close its last branch, in Paris, next year, according to a published report. The Financial Times reported that Citi made the decision because it has been losing money with the business "for decades."

The FT cited a report first carried in its sister publication, France's Les Echos. Shares of Citi were up 11 cents, or 0.2%, to $49.45.

Transnational Financial Network (TFN Quote), a wholesale and retail mortgage banking firm, said its board approved an increase in the number of shares that will be acquired by an affiliate of Pegasus Funds, a private equity fund. ...