Core Viewpoint - Customers Bancorp, Inc. is under investigation for potential violations of federal securities laws following significant deficiencies identified in its risk management practices and compliance with anti-money laundering regulations, leading to a notable drop in its stock price [1][2]. Group 1: Investigation and Regulatory Actions - Rosen Law Firm is investigating Customers Bancorp for potential violations of federal securities laws [1]. - The Federal Reserve Board announced enforcement actions against Customers Bancorp and Customers Bank due to significant deficiencies in risk management and compliance with anti-money laundering laws [2]. Group 2: Stock Performance - Following the announcement from the Federal Reserve, Customers Bancorp's stock price fell by 47.01 per share on August 8, 2024 [2]. Group 3: Legal Options for Investors - Investors in Customers Bancorp may have legal options and are encouraged to submit their information to Rosen Law Firm, which operates on a contingency fee basis [4]. - Shareholders will not be responsible for any court costs or litigation expenses, as the firm will seek court approval for any potential fees [4]. Group 4: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [6]. - The firm was ranked No. 1 for securities class action settlements in 2017 and has recovered hundreds of millions of dollars for investors over the years [6].
CUBI BREAKING NEWS: Customers Bancorp, Inc. Investors that Suffered Losses Are Encouraged to Contact Rosen Law Firm About Ongoing Investigation into the Company (NYSE: CUBI)