Citizens Bank Ends Relationships with CoreCivic and GEO Group
Citizens Bank announced it will end its business relationships with private prison operators CoreCivic (CIT) and The GEO Group (GEO), citing 'changed commercial circumstances.' This decision follows months of activist pressure over the bank's financing of these companies, which operate detention centers for U.S. Immigration and Customs Enforcement.
Tickers: $CFG
Topics: activism Citizens Bank CoreCivic private prisons The GEO Group