August 18, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Citizens Financial Group Inc (NYSE:CFG) shares was launched over potential securities laws violations by Citizens Financial Group and certain of its directors and officers.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Citizens Financial Group Inc (NYSE:CFG) concerning whether a series of statements by Citizens Financial Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Citizens Financial Group Inc reported that its annual Net Loss of over $3.42 billion turned to a Net Income of $865 million in 2014.

Shares of Citizens Financial Group Inc (NYSE:CFG) grew from $21.80 per share in October 2014 to as high as $28.27 per share in June 2015.

On August 12, 2015, Citizens Financial Group Inc announced settlements with the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller (OCC) and the Federal Deposit Insurance Corporation (FDIC) in connection with certain of its operational practices related to its handling of deposits in the period 2008 to 2013.

Shares of Citizens Financial Group Inc (NYSE:CFG) declined on August 12, 2015, to $25.74 per share.