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'Weird' Muni Bond for Virginia Tire Recycler Offers Juicy Yield, No Risk bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
North American Morning Briefing: China Optimism Gives Boost to Futures morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Andrew Lichtenstein/Corbis via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Barclays no longer plans to raise $850 million for private-prison manager CoreCivic through Alabama. Activist investors pushed back, citing Barclays promise that it would not fund private prisons. KeyBank followed suit, as bulge-bracket banks weigh the ESG risks of prison funding. Barclays has withdrawn a controversial $850 million financing for the state of Alabama and private-prison manager CoreCivic, just hours before the deal was expected to wrap up in the public and private bond markets. The transaction, which reignited a debate over big banks role in the US incarceration system, was slated to fund two new correctional facilities that were to be constructed by private-prison operator CoreCivic. ....