Citigroup Becomes First Major Bank to Restrict Some Gun Sales
- Citi to prohibit retail customers from offering bump stocks
- CEO Corbat says he hopes to spark industrywide conversation
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Citigroup Inc. plans to prohibit retailers that are customers of the bank from offering bump stocks or selling guns to people who haven’t passed a background check or are younger than 21.
The bank is imposing the restrictions on companies that use it to issue store credit-cards or for lending and other services, according to a memo Thursday. The lender also barred the sale of high-capacity magazines.