Citizens will stop lending to firms linked to ICE detention

The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country’s largest private-prison operators. On Friday, it said it would “exit the credit facilities” it has in place for those companies, attributing the decision to business factors, not pressure from activists.

PayPal balks at Stripe acquisition offer

PayPal’s board of directors is reportedly unimpressed with Stripe and Advent International’s $53 billion offer to buy the company. Analysts had speculated that the offer may be low, despite the fact that it came in at a 30% premium compared with other merchant processors.