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JPMorgan Chase Slams the Door on Financing Private Prison Operators

REITs' Access to Capital Appears Uncertain Amid Adverse Publicity, Says Credit Rating Company
CoreCivic operates the Houston Processing Center at 15850 Export Plaza Drive in Houston. Photo: iStock
CoreCivic operates the Houston Processing Center at 15850 Export Plaza Drive in Houston. Photo: iStock

JPMorgan Chase said it will no longer finance private prison operators, including immigrant detention center managers CoreCivic and Geo Group, amid shareholder pressure to scrap lending and underwriting relationships.

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News | JPMorgan Chase Slams the Door on Financing Private Prison Operators