Posts tagged Forbes
SunTrust Joins Wave Of Banks Exiting The Private Prison Industry

SunTrust Bank announced this morning that they are ready to join other major banks in moving away from the private prison industry, in the wake of deep public sentiment against their role in mass incarceration and family detention. “Following an ongoing and deliberate process, SunTrust has decided not to provide future financing to companies that manage private prisons and immigration holding facilities,” said Sue Mallino, Chief Communications Officer of SunTrust Banks, Inc. “This decision was made after extensive consideration of the views of our stakeholders on this deeply complex issue.”

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JPMorgan Chase Is Done With Private Prisons

After years of targeted actions by everyday activists and concerned shareholders, JPMorgan Chase announced early this morning that they will stop financing GEO Group and CoreCivic — the largest operators of private prisons and immigrant detention centers in the U.S. This is a big win for the world of corporate accountability; one that many believe wouldn’t have been possible without hundreds of thousands of people nationally demanding change in the wake of growing concern over family detention. It also calls into question the financial viability of the private prison industry, which has come under fire both by activists and financial analysts.

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Impact Investing Isn't Just For The Rich - We All Have A Part To Play

As one of my New Year’s resolutions, I’ve introduced my children to an excellent idea I heard once at an event on gender lens investing (which is, by the way, a whole other interesting angle I’ll come back to at another time!). Basically, the idea is that when your children get pocket money or Christmas money etc, instead of blowing it instantly on sweets/games/50 packets of Match Attax, they have to divide it up into four pots: one for spending, one for saving, one for investing, and one for giving away.

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Program Targets One Missing Link For Founders From Diverse Backgrounds: Friends And Family Money

“Many startups fund their earliest days with money from friends and family, as well as angels. But what if your friends and family are not wealthy—and, in fact, are more on the struggling side of the equation?” Village Capital hopes to have an answer to that with their new program, VC Pathways. The new endeavour looks to target organizations founded by African American, Latino, and female entrepreneurs that are not ready yet for their typical three month program, but have a promising prototype or pilot. The goal is to provide avenues to venture capital and industry knowledge to demographics who may not have those opportunities otherwise.

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