NEW YORK — Financial stocks fell Monday as several factors, including reports that Bank of America Corp. hit a snag in repaying Troubled Asset Relief Program funds and talk of legislation set to be introduced in Congress, weighed on shares.

Bank of America's attempt to repay federal bailout funds and escape the government's grasp has been snagged by a disagreement over how much additional capital the bank must raise to satisfy regulators, people familiar with the situation told The Wall Street Journal over the weekend.

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