BoA and Citi Put Restrictions on Gun Companies
Bank of America said it would not provide financial services for gun makers who sell AR-style rifles, after Citibank said last month that it will prohibit its retailer customers from selling firearms without a background check or to under-21 buyers, and from selling high-capacity magazines or bump stocks. BoA stopped short of putting restrictions on retailers, however. Neither company specified particular manufacturers or retailers who would be affected by the new policy, but Bloomberg reported that BoA does business with a few manufacturers who make military-style firearms.
It remains to be seen how far these types of policies will go, and ... Log in to view full article.