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Updated from 3:23 p.m. EDT
Bank stocks finished mixed Monday, the deadline for firms to submit capital plans after the government's stress tests, after Citigroup (C Quote) said it would commence its $58 billion stock swap.
Citigroup, which came under fire last week following a report that the Federal Deposit Insurance Corp. was pushing for a shake-up of Citigroup's top management, is set to start a $58 billion stock swap later this week.
While reports said the swap was delayed by the FDIC's questioning of CEO Vikram Pandit's leadership, Citigroup said Monday afternoon that press reports suggesting that federal banking agencies delayed these approvals "are entirely incorrect." ...
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