John,

Geo Group, Donald Trump's favourite private prison company, helped build his concentration camps along the Mexican-US border where kids were separated from their parents. In Australia and the UK, courts have found Geo Group responsible for deaths in its prisons.

Almost all banks in the world, including JP Morgan and BNP, have publicly stated that they would no longer loan money to private prison companies. This has cost Geo Group roughly one billion dollars in loans and its stock price to plummet. 

Geo Group has a 900 million dollar loan due in a couple of months so we are calling on the two biggest global banks that have been silent on their ties to private prisons, HSBC and Deutsche Bank, to promise they will end financial ties with Geo Group now.

Call on HSBC and Deutsche Bank to publicly state that they will stop financing private prisons now.

Having financial ties with private prison corporations means that banks are profiting off corporations that separate families, abuse migrants, and kill prisoners.

That's why the decade of work to push Bank of America, TD Bank, Wells Fargo, and numerous pension funds around the world to end financial ties with notorious prison companies is so important.

But two banks with previous financial ties with Geo have stayed silent -- European banking giants HSBC and Deutsche Bank.

More than 70,000 Ekō members like you have called on HSBC and Deutsche Bank to end financial ties with Geo. And the bank is feeling the pressure – a formal human rights complaint was just filed at the Organization for Economic Cooperation and Development (OECD) against HSBC for its investment to Geo Group and CoreCivic. You can help pile on the pressure:

Sign the petition calling on HSBC and Deutsche Bank to publicly state they will not have financial ties with private prisons now.

We know that when we call on financial institutions to stop financing private prison companies such as Geo Group, they listen. In 2020, Ekō members helped launch a campaign calling on TD Bank to divest from Geo Group. And within 24 hours, TD recommited to never invest in Geo again.

And through the pressure of tens of thousands of Ekō members, including hundreds who showed up at Canada Pension Fund’s public events, we forced the giant 300 billion dollar pension to stop its investment in Geo Group.

2024 could spell the end of the US prison industrial complex. US President Joe Biden could keep his campaign promise to end for-profit immigration detention in the last year of his current term. And if we can cut off the money to Geo Group, it could be the final blow to its current business model. But only if we take action now.

Stop financing private prisons now.