Jersey City yanks $265 million from bank that finances private prison companies
Jersey City is pulling $265 million in public funds from Citizens Bank because the bank finances the nation’s two largest private prison companies. City officials announced the divestment on Thursday. They said $150…
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Jersey City is pulling $265 million in public funds from Citizens Bank because the bank finances the nation’s two largest private prison companies. City officials announced the divestment on Thursday. They said $150 million has already been withdrawn. The rest is coming out in days. “We are not waiting around,” said Councilmember Jake Ephros. Councilmember Jake Ephros The target is Citizens’ role in funding GEO Group and CoreCivic.
