Private equity backing and self-dealing featured at the bankrupt coal firm whose workers are still waiting for pay.
Wall Street
Private Prisons Now Face 87.4% Financing Gap as Banks Continue to Flee Industry
Eight banks have committed to ending their future financing of the private prison industry – amounting to 87.4% of the credit lines and term loans of CoreCivic and GEO Group.
Bank of America Says It Will Stop Financing Private Prisons & Detention Centers. So Should SunTrust.
Bank of America, Wells Fargo and JPMorgan Chase have said they’ll stop financing private prisons and detention centers. Will SunTrust do the same?
Buffalo Banks Are Financing the Climate Crisis
Buffalo’s biggest banks are lending hundreds of millions to fossil fuel companies and funding a lobbying effort against climate action in New York.
Las Batallas de la Deuda de Puerto Rico: La Junta Demanda a Medio Mundo
La Junta está demandando a bancos y a bonistas para recuperar miles de millones en deudas. De lograrse, este dinero podría utilizarse para servicios esenciales, como las pensiones y las escuelas públicas.
Puerto Rico’s Debt Battles: The Oversight Board Goes on a Suing Spree
The Oversight Board is suing banks and bondholders to recover billions in debt. If successful, the funds could go to essential services for Puerto Ricans like pensions and schools.
Major U.S. Banks & Hedge Funds Sponsoring Gala to Honor Brazil’s Jair Bolsonaro
Corporate backers of an upcoming gala honoring far-right Brazilian president Jair Bolsonaro are facing growing scrutiny. Will they pull their sponsorship?
Wall Street Billionaire Who Owns Wendy’s Gives Big to Trump While Refusing Farmworkers’ Demands
Billionaire hedge fund manager and Wendy’s owner Nelson Peltz owns a $123 million Florida estate and gives big to Donald Trump – but he refuses to pay a penny more per pound of tomatoes so farmworkers can have better wages and working conditions.
Hedge fund-backed think tank Manhattan Institute publishes blog post sympathizing with killer the day after Christchurch attack
The Manhattan Institute, an influential New York think tank, has been publishing an anti-Islamic conspiracist for more than a decade
Private Prison Stocks Reel From Big Banks’ Decisions to Stop Providing Financing
The stock prices of the two biggest U.S. private prison corporations have
Wall Street Banks & Former Defense Officials Looking to Cash In on Child Detentions
Private equity firm Capital Partners is profiting off of child detention – and it has a host of advisors tied to the defense industry and the Trump administration.
Isla Deuda: Wall Street tiene en la mirilla 40 años de ganancias a expensas de Puerto Rico
La deuda de Puerto Rico está siendo restructurada – y los acuerdos hechos prometen décadas de pagos de los puertorriqueños a los billonarios de Wall Street