Pittsburgh PA-based PNC Bank announced today that they will no longer finance private prisons who have profited from mass incarceration and immigrant detention.
This decision was announced in the wake of national outrage over the role of banks in private prisons, with over 500,000 petitions signed on the issue, and most recently, acirculating from the Families Belong Together coalition of over 250 activist groups, representing over 11 million people.MomsRising
, said “We and our members across the country applaud PNC for joining its peers in ending financing of for-profit prisons and detention centers; and in making a strong statement that private prisons don’t deserve our dollars. Banks should never profit from the pain and suffering of families.” Additionally, investors representing $2.9B reached out to the company in a July 29th letter, to express their concerns about the human rights and financial implications of the company's relationship with the private prison companies.SVP
at Trillium Asset Management."It reflects PNC's deep and serious consideration of the issue and cannot be regarded lightly or dismissed out of hand. Finally, until the existing financing ends, this decision highlights the need forAccording to this July 2019
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New Zealand could cut rates again, won't rule out negative rates - central bank assistant governorNew Zealand's central bank could ease rates again, the assistant governor s...
Leer más »
Yen stands tall on global growth fears, central bank easing weighs on peersThe yen stood tall on Thursday, after global central banks startled markets with...
Leer más »
Israeli army says body of soldier found in West BankJERUSALEM (AP) — The body of an Israeli soldier was found with stab wounds near a West Bank settlement south of Jerusalem early on Thursday, the military said. According to an army...
Leer más »
Israel says soldier stabbed to death in Palestinian attack in West BankAn Israeli soldier was found stabbed to death in the occupied West Bank on Thurs...
Leer más »
'Bank stocks have recession prices without a recession,' Wells Fargo's Mike Mayo saysA 'phenomenal' opportunity is materializing in bank stocks, Wells Fargo's Mike Mayo says (via TradingNation)
Leer más »
Russia freezes bank accounts linked to opposition politician NavalnyRussian authorities on Thursday froze a slew of bank accounts linked to jailed o...
Leer más »