Citigroup Ends Gun-Related Banking Policy | JQJO

Citigroup ended its seven-year-old policy restricting banking services to firearm manufacturers and sellers. The policy, implemented after the Parkland shooting, required adherence to specific sales practices. Citi cited changed circumstances and the prevalence of best practices among retailers. Gun control advocates criticized the decision as prioritizing politics over lives. The move comes amid broader debates about 'debanking' and accusations of political discrimination in banking practices, which Citi denies.