• Barclays u-turn on an $850 million prison financing is a big victory for activist investors - here's why it keeps banks in check over controversial deals

    24 days ago - By Business Insider

    Summary List Placement Barclays has withdrawn a controversial $850 million financing for the state of Alabama and private prison manager CoreCivic, just hours before the deal was expected to wrap up in the public and private bond markets.
    The transaction, which reignited a debate over big banks' role in the US incarceration system, was slated to fund two new correctional facilities that were to be constructed by private prison operator CoreCivic.
    "We have advised our client that we are no longer participating in the transaction intended to provide financing for correctional facilities in...
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