Citizens Bank is ending its financial relationships with private prison companies CoreCivic and The GEO Group, which operate immigration detention centers under contract with U.S. Immigration and Customs Enforcement. This decision follows public pressure from advocacy groups and local governments, though the bank maintains it is a business decision based on changing commercial circumstances. The move occurs amidst a politically charged debate around 'debanking' practices. AI
RANK_REASON Bank decision to end relationships with private prison companies due to public pressure. [lever_c_demoted from significant: ic=1 ai=0.1]
- CoreCivic
- De-ICE Citizens Bank Coalition
- Donald Trump
- Jersey City
- Montclair
- Trump administration
- U.S. Immigration and Customers Enforcement
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