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| Building an Immigrant Justice Initiative
Published By:Documented

Investment Banks Doubled Down on Immigration Detention Amidst Family Separation

CoreCivic and Geo Group are highly reliant on loans to function and expand, according to a report from Make The Road, The Center for Popular Democracy and Enlace, a group that advocates for private prison divestment. In 2017, nine out of ten dollars CoreCivic had on hand were borrowed from banks, while 19 out of 20 dollars Geo Group had on hand were also borrowed according to the report. J.P. Morgan is the largest lender for both companies, holding $167.5 million in debt, which is 62 percent more than the next lender.

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