(Updated with stock price moves.)

NEW YORK (

TheStreet

) --

E*Trade Financial

(ETFC) - Get Report

was among the losers of the financial sector Monday after the online brokerage appointed an interim CEO.

E*Trade Financial

named its lead independent director Robert Druskin to serve as chairman and interim CEO. Druskin will step into the role on Dec. 31, succeeding current chairman and CEO Don Layton, whose contract expires then.

E*Trade said in a press release on Monday that the hiring process for a permanent successor to Layton "continues to progress." Shares lost 3 cents, or 1.7%, to $1.75.

American International Group

(AIG) - Get Report

also traded lower after the insurer's CEO Robert Benmosche told

The Financial Times

that he expects it will take at least two years for the insurer to repay $80 billion in remaining loans from the federal government.

"The more time we

have, the greater the probability we'll pay back all of

the aid. But our goal is to pay back all of it," Benmosche told the

FT

.

AIG shares were down 0.5% to $28.06.

Visa

(V) - Get Report

TheStreet Recommends

and

MasterCard

(MA) - Get Report

were mixed after Thomas Weisel analysts initiated coverage of the stocks with an overweight rating and price targets of $102 and $305, respectively.

Visa shares were down 1.6% to $87.51, while MasterCard tacked on 0.2% to $255.36.

On the other hand, most bank stocks were on the rise, with

Bank of America

(BAC) - Get Report

up 1.7% to $15.28,

JPMorgan Chase

(JPM) - Get Report

adding 2.3% to $41.90, and

Wells Fargo

(WFC) - Get Report

climbing 2.1% to $27.34.

Citigroup

(C) - Get Report

retraced early losses to rise 0.6% to $3.42.

-- Written by Robert Holmes in Boston

.

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