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Citigroup units restrictions on gun gross sales by enterprise companions

Citigroup is setting restrictions on the sale of firearms by its enterprise clients, making it the primary Wall Avenue financial institution to take a stance within the nationwide gun management debate.

The coverage, introduced Thursday, prohibits the sale of firearms to clients who haven’t handed a background examine or who’re youthful than 21. It additionally bars the sale of bump shares and high-capacity magazines. It could apply to shoppers who provide bank cards backed by Citigroup or borrow cash, use banking companies or elevate capital via the corporate.

The principles, which the corporate described as “common sense measures,” echo related restrictions established by some main retailers, corresponding to Walmart.

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