U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

[DonViejo]

Source: Reuters



MAY 18, 2018 / 12:09 PM / UPDATED 2 HOURS AGO

Katanga Johnson

WASHINGTON (Reuters) - The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.

The attack by Gun Owners of America and the National Rifle Association (NRA) could imperil de-regulatory gains the banks had hoped to win from Republican lawmakers and regulators, many of whom are staunch defenders of the Second-Amendment right to bear arms, according to industry sources.

In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks, following February’s Florida high school shooting that killed 17 people. 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.




Read more: https://www.reuters.com/article/us-usa-guns-banks/u-s-gun-lobby-takes-aim-at-gun-hating-banks-citi-bofa-idUSKCN1IJ260?il=0

[beachbum bob]

1. Bring it on, their power will soon vanish

[ellie]

2. Hahahahaha

Wow, the gun humpers are delusional. Taking on the banks? Good luck assholes.

[sandensea]

3. Big Banks had better nip the NRA in the bud, before some gun humper shoots up a bank

They should think of it as good loss prevention policy, if nothing else.

[Volaris]

4. I cannot believe I would ever decide that ShitiBank and Skank of America...

would do something i agree with. I suppose as long as capitalism is gonna run the damn world, I guess Ill take what i can get (but make NO mistake, this is about PR, the Marketing Dept, and the bottom line and NOTHING else; there is no way they would take this stance if they thought for a short second it would cost them any money).

[flibbitygiblets]

7. I took out credit cards with both, just for the bonuses

Normally I would not do business with either, but now...guess I'll have to write a couple of "atta boy" letters.

What a world.

[Doreen]

8. That is just about what I thought.

Shitibank and the Nazi bank of America ACTUALLY did something good. Do not get your hopes up for any more good deeds.

[47of74]

5. Yeah let em fight each other.

[asiliveandbreathe]

6. Everyone needs positive reinforcement - so I decided to send BofA a message -

I would like to congratulate BofA and their decision to take a stand against gun violence...we have been long time BofA customers, we have not always agreed with some of your policies, but today we agree wholeheartedly -

Decide, commit, succeed...you have decided to take a stand, you have committed to a new policy on gun violence, and you will succeed in maintaining your customer base, (those of us who agree with you), and grow -

Our special thank you to those in your corporation, who sat down, discussed, and agreed on this policy - CITI too will get a message...