CUSTOMERS BANCORP INC (CUBI)
Customers Bancorp Inc. (CUBI) is a bank holding company that provides a range of personal, commercial, and mortgage banking services. Founded in 1999 and headquartered in Wyomissing, Pennsylvania, it operates through its banking subsidiary, Customers Bank. The company focuses on offering high-touch, relationship-based banking solutions to consumers, small to medium-sized businesses, and real estate investors.
Company News
Berger Montague is investigating Customers Bancorp's Board of Directors for potential breaches of fiduciary duties to the company and its shareholders, following an enforcement action by the Federal Reserve and a consent order by the Commonwealth of Pennsylvania related to deficiencies in the bank's risk management and compliance with anti-money laundering regulations.
Customers Bancorp, Inc. (CUBI) investors who lost money have the opportunity to lead a securities fraud class action lawsuit. The lawsuit alleges that the company failed to disclose inadequate anti-money laundering practices, leading to heightened regulatory risk and misleading statements about the company's business and prospects.
Investors need to pay close attention to Customers Bancorp (CUBI) stock based on the movements in the options market lately.
Troubled regional lender has asked banks to gauge investor interest in buying its stock, the Wall Street Journal reported.
There was both some bank-specific and industry-specific news this week.
