Published By:Newsweek
Private Prison Company GEO Group Says Activists Pose Risk to Bottom Line
“We will no longer bank the private prison industry,” JP Morgan announced in March after a long public pressure campaign from groups like the Center for Popular Democracy. Wells Fargo told industry watchers in its 2018 Business Standards Report: “Our credit exposure to private prison companies has significantly decreased and is expected to continue to decline, and we are not actively marketing to that sector.”