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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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  • 59% of the sources are Center
59% Center
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Reuters broke the news in United Kingdom on Thursday, March 22, 2018.
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