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BNP Paribas backs away from U.S. private prison industry

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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.

Added on the 13/07/2019 18:32:13 - Copyright : Wochit

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