BNP Paribas backs away from U.S. private prison industry Unlisted Video
5 years ago
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BNP Paribas
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Private Prisons In The United States
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GEO Group Inc
France’s BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators.
It's the first foreign bank to distance itself from a sector shunned by domestic peers.
According to Reuters, the move comes amid controversy over Trump administration's detention policies.
The centers account for about two-thirds of the people held by U.S. Immigration and Customs Enforcement.
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