Citigroup Ends Restrictions on Gun Retailers

Citigroup has announced the end of its restrictions on gun retailers, a policy implemented following the tragic Parkland school shooting. The policy previously limited banking services to retailers who sold firearms to individuals under the age of 21. The decision to reverse this policy has been met with approval from the White House.

Sources within Citigroup indicate that the decision was made after careful consideration of various factors, including legal and regulatory concerns. The previous policy had faced criticism from some groups who argued that it unfairly targeted law-abiding businesses. The change reflects a broader debate about corporate responsibility and the role of financial institutions in addressing gun violence. The long-term impact of this decision on Citigroup's relationship with various stakeholders remains to be seen.