STREAMING NOW: Watch Now

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 6:05 PM
Updated: Mar 22, 2018 6:05 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."

West Lafayette
Clear
68° wxIcon
Hi: 85° Lo: 60°
Feels Like: 68°
Kokomo
82° wxIcon
Hi: 82° Lo: 58°
Feels Like: 91°
Rensselaer
Clear
64° wxIcon
Hi: 81° Lo: 54°
Feels Like: 64°
Fowler
Clear
64° wxIcon
Hi: 81° Lo: 57°
Feels Like: 64°
Williamsport
Clear
66° wxIcon
Hi: 83° Lo: 60°
Feels Like: 66°
Crawfordsville
Clear
63° wxIcon
Hi: 84° Lo: 62°
Feels Like: 63°
Frankfort
Clear
67° wxIcon
Hi: 83° Lo: 59°
Feels Like: 67°
Delphi
Clear
68° wxIcon
Hi: 83° Lo: 57°
Feels Like: 68°
Monticello
Clear
64° wxIcon
Hi: 82° Lo: 56°
Feels Like: 64°
Logansport
Clear
64° wxIcon
Hi: 83° Lo: 55°
Feels Like: 64°
Active Weather Pattern for the Work Week.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 74328

Reported Deaths: 3041
CountyConfirmedDeaths
Marion15860725
Lake7570275
Elkhart484384
Allen3902163
St. Joseph350081
Hamilton2763104
Vanderburgh196313
Hendricks1887108
Cass17959
Johnson1757118
Porter131639
Clark123347
Tippecanoe121111
Madison97965
LaPorte91130
Howard89065
Kosciusko85212
Bartholomew79347
Marshall78422
Floyd77946
Monroe75630
Delaware73052
Dubois69612
Boone67846
Noble67829
Hancock66038
Vigo65110
Jackson5865
Warrick58130
LaGrange55910
Shelby55327
Grant52630
Dearborn50828
Morgan47634
Clinton4343
Henry38320
Wayne37710
White36910
Montgomery35421
Lawrence34627
Harrison33823
Decatur33732
Putnam2888
Miami2742
Daviess27320
Scott26810
Greene25034
Jasper2432
Franklin24214
DeKalb2324
Gibson2254
Jennings22512
Steuben2103
Ripley2087
Carroll1912
Fayette1897
Perry18612
Starke1787
Orange17124
Posey1710
Wabash1693
Fulton1682
Wells1682
Jefferson1632
Knox1540
Whitley1526
Washington1401
Tipton13810
Spencer1363
Sullivan1261
Huntington1223
Randolph1224
Clay1215
Newton11810
Adams1012
Jay910
Owen901
Pulaski831
Rush804
Fountain742
Brown731
Ohio655
Blackford642
Benton610
Pike530
Switzerland520
Vermillion520
Parke511
Crawford450
Martin450
Union410
Warren221
Unassigned0206

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events