Citibank Cuts Ties With Any Customers Who Sell High-Capacity Magazines & Bump Stocks, Firearms To Those Under 21,

By Brandon Curtis

The CEO of Citigroup is ‘doing his part’ by getting rid of both large and small customers who engage in business that sells high-capacity magazines, bump stocks, and those who sell firearms to people ages 18-20.

If a business customer falls into these categories, they are not welcome at Citibank. Read the CEO’s message below.

Message From Mike Corbat [Citigroup CEO]

Dear Colleagues,

Over the last several weeks, I have had many conversations with clients, colleagues and friends who hold a range of opinions on the regulation of firearms in the U.S. It is clear to me that most people believe there are areas of agreement and practical changes we can make to find common ground.

Citi is ready to do our part to help our country move in that direction. Today, I am proud to announce a new U.S. Commercial Firearms Policy that promotes the adoption of current best practices regarding the sale of firearms. The policy was designed to respect the rights of responsible gun owners while helping to keep firearms out of the wrong hands.

This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. Under the …Read the Rest