First Republic’s stock fell 47% to a record low Monday, as the bank struggled to persuade Wall Street it could remain viable.
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JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies. “We will no longer bank the private prison industry,” a company spokesman told Reuters. The decision is a result of bank’s ongoing evaluations of the costs and benefits […]
