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

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

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

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.

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