BUSINESSFORTUNE
Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’
Citizens Bank announced it will end its financial relationships with private prison companies CoreCivic and The GEO Group, citing changed commercial circumstances. The decision follows public pressure from advocates and city governments, including threats to withdraw funds from Citizens Bank if ties with the companies were not severed. The companies operate detention centers under U.S. Immigration and Customs Enforcement contracts linked to the Trump administration's immigration policies.
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