One of the largest banks in the US. Finances private prison companies CoreCivic and GEO Group. Has been one of the main financial backers of private prisons and immigrant detention companies. In 2019 it announced it would stop providing loans to these companies.
Economic Activism Highlights
- On April 26, 2017, University of Wisconsin-Madison students passed a resolution to call for the university's divestment from private prisons and corporations that build border walls, naming Lockheed Martin, Raytheon, General Dynamics, Northrop Grumman, Honeywell, L-3 Communications, Boeing, Bank of America, JP Morgan Chase, BNP Paribas, Suntrust, US Bank Corp., and Wells Fargo.