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#Breaking: @SunTrust bows out of the private prison and detention industry.
Weeks ago @BofA_News exited, following @jpmorgan and @WellsFargo.
BOA and Suntrust were the two biggest financiers for the Homestead detention center. @MiamiHerald
Weeks ago @BofA_News exited, following @jpmorgan and @WellsFargo.
BOA and Suntrust were the two biggest financiers for the Homestead detention center. @MiamiHerald
SunTrust specifically mentions “immigration holding facilities.”
Other banks danced around specifying what types of detention facilities their withdrawal would affect.
Other banks danced around specifying what types of detention facilities their withdrawal would affect.
It will be interesting to see how this will all play out in the years to come. Who will lend money to the companies running facilities holding immigrant adults, families and unaccompanied minors?
Update: I have confirmed that this does indeed **directly** affect financing agreements for the Homestead detention center.
