Updated with market closing information.NEW YORK ( TheStreet) -- Citigroup ( C) and Bank of America ( BAC) were the big losers among large U.S. financials Monday, with shares of both companies plunging 10%. Citigroup closed at $23.11 and Bank of America closed at $5.53. Citi's shares have declined 49% since undergoing a reverse split on May 6. Citigroup and Bank of America are among several large mortgage lenders and loan servicers that could be facing billions in additional losses from denials of claims by the Federal Housing Administration, according FBR Capital Markets analyst Paul Miller.
Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.