When Bank of America Corp held its annual meeting in April, activists insisted i...
) held its annual meeting in April, activists insisted it stop financing private prison companies.
Next, he hopes to get SunTrust Banks Inc to cut ties with private prisons. SunTrust did not respond to a request for comment. Also this week, several hundred people, including employees of Wayfair Inc , rallied in Boston to protest the online retailer’s alleged sale of furniture to a Texas detention facility housing migrant children. The spat was fueled when a letter to Wayfair leaders from employees about the sale spread on Twitter.
It has prompted companies to disclose more about how, and with whom, they do business and tackle issues they might have tried to evade in the past.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America will no longer do business with companies that run detention centersBank of America will end its association with companies that provide prisoner and immigrant detention services at both the state and federal levels. The move comes amid growing public concern about the nation's border policies.
Read more »
The new Bank of America digital debit card could attract customersBofA is introducing a digital debit card feature in its mobile banking app that can be used for in-store, in-app, and online payments:
Read more »
‘The auto industry can’t sit still, it’s impossible’: How the electric vehicle revolution will drive M&A, according to Bank of AmericaFrom geopolitics to increased regulation, CEOs at major automakers are stepping up their efforts to stay relevant in a changing industry.
Read more »
The Cheap Styling Tools and Accessories That Keep My Double-Processed Hair HappySince my double process, I’m constantly on the lookout for reasonably priced styling tools and accessories that won’t make the situation worse.
Read more »
Bank payout party is a lavish but sober affairJPMorgan, Goldman Sachs and large peers plan to hand $150 bln back to shareholders this year. Jumbo payouts were once a sign of excess profit. Now they show a lack of alternatives. Yet an old incentive is unchanged – buybacks’ ability to juice profit per share.
Read more »
Deutsche Bank reportedly considering up to 20,000 job cutsThat would be about more than one in six full-time positions globally, the Wall Street Journal reports, citing people familiar with the discussions.
Read more »