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CUBI BREAKING NEWS: Customers Bancorp, Inc. Investors that Suffered Losses Are Encouraged to Contact Rosen Law About Ongoing Investigation into the Company (NYSE: CUBI)
CUBICustomers Bancorp(CUBI) GlobeNewswire News Room·2024-10-24 20:32

Core Insights - Customers Bancorp, Inc. is under investigation for potential violations of federal securities laws by the Rosen Law Firm, a global investor rights law firm [1] - The stock of Customers Bancorp dropped significantly following an announcement from the Federal Reserve regarding enforcement actions due to deficiencies in risk management and compliance with anti-money laundering regulations [2] Group 1: Investigation and Legal Actions - The Rosen Law Firm is investigating Customers Bancorp for potential violations of federal securities laws, encouraging investors to seek additional information [1] - The Federal Reserve Board issued an enforcement action against Customers Bancorp, citing significant deficiencies in risk management practices and compliance with anti-money laundering laws [2] Group 2: Stock Performance - Following the Federal Reserve's announcement, Customers Bancorp's stock fell by 7.22pershare,representinga13.37.22 per share, representing a 13.3% decrease, closing at 47.01 per share on August 8, 2024 [2]