Citigroup lifts banking curbs on gun makers and sellers
- Citigroup has lifted its seven-year policy that restricted banking services to firearm manufacturers and sellers, effective Tuesday.
- The previous policy required clients to follow specific sales practices regarding background checks and age restrictions.
- Citigroup will update its employee Code of Conduct to clarify that it does not discriminate based on political affiliation.
- The U.S. Commercial firearms policy had been in place since 2018 and focused on retail clients' firearm sales.
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42 Articles
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Citigroup Reverses Post-Parkland Gun Policy Under Pressure From Trump
One of the country’s largest financial institutions is reversing course on its stance toward the firearms industry. Citigroup announced on Tuesday that the bank was ending its seven-year-old U.S. Commercial Firearms Policy that restricted its services to businesses that sell bump stocks, “high-capacity” magazines, or firearms to adults under the age of 21. The company said it was doing so in… Source
Citigroup Drops Anti-Gun Policy After Pressure from Trump & Gun Advocates
iStock-AlxeyPnferov New York, NY – After years of controversy and mounting political pressure, Citigroup has officially reversed its 2018 policy that restricted banking services to firearm-related businesses. The decision comes in response to regulatory developments, executive orders, and a renewed push from the Trump administration to ensure fair access to banking for all Americans—including those in the firearms industry. In a statement releas…
Citigroup Reverses Firearms Policy After Trump Criticism
Citigroup has reversed its policy restricting banking services to retail clients selling firearms, ending the practice that was put into place in 2018. In a statement shared on June 3, the bank said that the decision had been made in response to concerns raised over “fair access” to banking services. As a result, Citigroup said it would “no longer have a specific policy as it relates to firearms.” [time-brightcove not-tgx=”true”] The reversal co…
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