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

Reuters  |  WASHINGTON 

By Katanga JohnsonWASHINGTON (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 ...

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First Published: Sat, May 19 2018. 19:59 IST
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