US gun lobby takes aim at 'gun-hating' banks Citi, BofA - Business News - News Summed Up

US gun lobby takes aim at 'gun-hating' banks Citi, BofA - Business News


Weeks later, Bank of America said it would no longer lend to companies that make military-style firearms for civilians.The gun issue is unlikely to go away as mass shootings grab the nation's attention. Texas officials charged a 17-year-old student with murder in the shooting of 10 people, including fellow pupils, at his high school on Friday.Gun-control activists and Democrats praised the policy, urging other financial firms to follow suit. "Citigroup and Bank of America are threatening our Second-Amendment rights. "My more loyal customers don't mind paying in cash. Some even wish to drop their credit-card companies for gun-friendly alternatives," Adcox told Reuters.The NRA is running an advertisement campaign criticizing Citi and Bank of America online, adding that Citi may be encouraging retailers to violate anti-discrimination laws.


Source: The Star May 19, 2018 01:18 UTC



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