BUSINESSFOX NEWS
Citizens Bank cuts ties with ICE prison contractors after months of activist pressure
Citizens Bank is ending its financial relationships with CoreCivic and GEO Group, two private prison companies that operate ICE detention facilities, citing changing business conditions. Activists celebrated the move as a victory, while the bank denied political motivations, stating the decision was due to reduced capital needs of the companies.
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- Citizens Bank to cut ties with CoreCivic and GEO after a fierce public pressure campaign
- Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’
- Citizens Bank shutters more than 100 supermarket outposts — with plans to open more standalone branches
- Private prison company sells two of California’s immigrant detention centers to the feds