Citizens Bank Cuts Ties with Private Prisons | Newark News

Citizens Bank is cutting financial ties with private prison giants CoreCivic and the GEO Group, citing business strategy—not activism—though protesters and Newark officials see it as a major victory. The bank claims the move stems from shifting capital needs and federal buyouts, while activists demand full divestment and transparency. Mayor Baraka vows to close Newark city accounts with Citizens, framing the action as a stand for justice. This follows similar moves by JP Morgan and Wells Fargo, proving pressure from communities and advocates can shift corporate policy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/541fe361d6296da1