April 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Citizens Financial Group Inc (NYSE:CFG) was announced over potential breaches of fiduciary duties by certain officers and directors at Citizens Financial Group Inc.

The investigation by a law firm concerns whether certain Citizens Financial Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Providence, RI based Citizens Financial Group, Inc. is a retail bank holding company. Citizens Financial Group Inc reported that its Net Income rose from $840.00 million in 2015 to over $1.045 billion in 2016.

Shares of Citizens Financial Group Inc (NYSE:CFG) grew from $18.89 per share in February 2016 to as high as $39.59 per share on March 1, 2017.

On On March 29, 2017, it was reported that Citizens Financial Group Incs employees admitted that employees faked financial checkup meetings with customers. Reportedly Citizens Financial Group Inc claimed that the Citizens Checkup program resulted in 400,000 scheduled appointments in 2016. The article stated, however, that former employees said they falsified information because of pressure to meet expectations related to the program.

Shares of Citizens Financial Group Inc (NYSE:CFG) declined on March 27, 2017 to as low as $32.99 per share.