SEVERE WX : Heat Advisory View Alerts

Citigroup restricts gun sales by business customers

Citigroup is putting new restrictions on how and when its business customers can sell guns.The company said Th...

Posted: Mar 22, 2018 5:05 PM
Updated: Mar 22, 2018 5:05 PM

Citigroup is putting new restrictions on how and when its business customers can sell guns.

The company said Thursday that it will bar companies that it does business with from selling guns to people under the age of 21 and require customers to undergo background checks for all firearm purchases.

Citigroup also banned its clients from selling high-capacity magazines and bump stocks, a gun accessory that was used by the shooter that murdered more than 50 people in Las Vegas in October.

The news was reported earlier by The New York Times and confirmed by the company.

The rules will apply to Citigroup clients "across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label."

The bank says it has "few relationships with companies that manufacture firearms."

Related: YouTube restricts gun videos

Citigroup also said it's prepared to lose business if its clients don't comply.

"We know our clients also care about these issues and we have begun to engage with them in the hope that they will adopt these best practices over the coming months," the bank said in a blog post. "If they opt not to, we will respect their decision and work with them to transition their business away from Citi."

After a mass shooting at a Florida high school last month that left 17 people dead, corporations have taken unprecedented steps to address calls for tighter gun control as federal lawmakers have been unable or unwilling to enact legislation.

Citigroup is the first major bank to announce a new formal policy since the Florida massacre.

Bank of America and investment giant BlackRock both committed to speaking with gun makers about their policies.

Walmart and Dick's Sporting Goods said last month they would raise the minimum age for firearm purchases to 21.

Companies including Delta Air Lines, United Airlines, Hertz, Enterprise and MetLife have ended partnerships with the National Rifle Association.

Related: Kroger's Fred Meyer stores to 'phase out' all guns

Citigroup's executive vice president, Edward Skyler, said in a blog post Thursday that the decision was "not centered on an ideological mission to rid the world of firearms," but about implementing "common-sense measures that would help prevent firearms from getting into the wrong hands."

"For too many years, in too many places, our country has seen acts of gun violence that have resulted in heartbreaking losses," Skyler wrote. "As a society, we all know that something needs to change. And as a company, we feel we must do our part."

Huntsville
Scattered Clouds
91° wxIcon
Hi: 94° Lo: 72°
Feels Like: 97°
Florence
Clear
94° wxIcon
Hi: 94° Lo: 74°
Feels Like: 97°
Fayetteville
Clear
88° wxIcon
Hi: 93° Lo: 71°
Feels Like: 91°
Decatur
Clear
91° wxIcon
Hi: 94° Lo: 72°
Feels Like: 95°
Scottsboro
Clear
77° wxIcon
Hi: 95° Lo: 72°
Feels Like: 78°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 94827

Reported Deaths: 1674
CountyConfirmedDeaths
Jefferson12969243
Mobile9836206
Montgomery6609148
Madison531433
Tuscaloosa419073
Unassigned356061
Baldwin350224
Shelby326035
Marshall313035
Lee266045
Morgan236918
Etowah210431
DeKalb179813
Calhoun176113
Elmore171538
Walker152064
Houston138612
Russell13582
St. Clair132817
Dallas131823
Limestone131813
Franklin127020
Cullman122012
Colbert117113
Lauderdale115717
Autauga108621
Escambia107516
Talladega100913
Jackson9684
Tallapoosa85479
Chambers84038
Dale82723
Blount7884
Chilton7886
Butler75836
Coffee7566
Covington73420
Pike7037
Clarke6629
Barbour5735
Lowndes57124
Marion57024
Marengo55315
Hale47326
Bullock46311
Winston45011
Perry4404
Bibb4265
Wilcox42610
Monroe4194
Randolph39610
Pickens3929
Conecuh38810
Washington38612
Sumter36018
Lawrence3481
Macon33414
Crenshaw3143
Choctaw28112
Cherokee2707
Henry2593
Geneva2570
Clay2525
Greene25011
Lamar2202
Fayette2045
Cleburne1261
Coosa1012
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 120585

Reported Deaths: 1215
CountyConfirmedDeaths
Shelby22916301
Davidson20383213
Rutherford646354
Hamilton606253
Knox451338
Williamson347825
Sumner340473
Unassigned312810
Out of TN286014
Wilson226223
Bradley190312
Montgomery190213
Sevier18507
Putnam174018
Trousdale15826
Robertson153519
Hamblen138314
Blount127711
Maury12257
Washington12252
Tipton11959
Madison106417
Sullivan96214
Bedford91811
Hardeman89817
Macon85813
Lake7820
Loudon7253
Bledsoe6951
Gibson6935
Fayette6868
Dickson6792
Anderson6766
Dyer6287
Cheatham5787
Henderson5632
Jefferson5593
Lawrence5506
Obion5464
McMinn53120
Rhea5282
Coffee5223
Carter5126
Warren5074
Lauderdale4898
Greene4678
Haywood4636
Hardin4628
Roane4612
Cocke4572
Hawkins4517
Cumberland4506
Smith4454
Weakley4214
Monroe4189
Giles37813
McNairy3715
DeKalb3492
Franklin3254
Carroll2963
Marshall2903
White2815
Lincoln2801
Henry2760
Claiborne2660
Crockett2664
Johnson2650
Hickman2590
Campbell2471
Wayne2252
Marion2224
Chester2172
Polk2043
Decatur1983
Grainger1960
Overton1801
Unicoi1610
Union1540
Benton1481
Cannon1430
Jackson1241
Humphreys1203
Morgan1181
Scott1180
Grundy1132
Sequatchie1050
Meigs1040
Fentress920
Perry790
Hancock782
Clay750
Stewart740
Lewis731
Moore610
Houston570
Van Buren360
Pickett311

Community Events