Citigroup Tried and Failed to Rally Banks to Pressure Gun Sellers

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In 2018, after a 19-year-old killed 17 college students and employees at a highschool in Parkland, Fla., Citigroup instructed retailers it didn’t need their enterprise in the event that they bought weapons to individuals beneath 21.

The financial institution wouldn’t lend to them or maintain their deposits. It wouldn’t advise them on mergers, bond gross sales or inventory choices. Citigroup, its executives hoped, can be the primary of many, the establishment that rallied Wall Road round a plan to curb gun violence.  

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