Citigroup Reverses Course on Controversial Firearm Policies

The bank has also updated its regulations regarding discriminating clients ‘on the basis of political affiliation.’
Citigroup Reverses Course on Controversial Firearm Policies
A sign for CitiBank is seen on a window in Manhattan in New York City on March 1, 2024. Spencer Platt/Getty Images
Naveen Athrappully
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Citigroup reversed its policy requiring retail business clients to refrain from selling firearms to those who haven’t passed background checks, the bank announced in a June 3 statement.
Citigroup instituted the policy in March 2018. It also included restricting clients from selling high-capacity magazines and bump stocks, and selling guns to individuals under 21 years of age.