Financial Winners and Losers: Citigroup

(Updated with final closing prices)

Financial stocks finished mostly higher Wednesday, with Citigroup (C Quote) one of the sector's winners following a report it would increase salaries in order to offset lower bonuses.

Citigroup plans to raise the base salaries of workers by as much as 50% this year to help compensate for cuts in annual bonuses, according to a report in The New York Times.

The plan by the banking giant means most Citigroup employees will make as much money as they did in 2008, although some might earn more and others less, the report said. Citigroup shares finished up 1% to $3.04. ...