The state’s law targeted Wall Street banks for wading into the debate over guns in the U.S. Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc. also haven’t underwritten munis sold by the state and its cities, schools, and transit agencies since the legislation took effect. Bank of America and Citigroup … Read more
By Larry Keane [ED: This column was published in The Federalist, Thursday, April 17, 2019, and is reprinted here with permission.] Citigroup’s getting asked some hard questions about fiscal sanity of their decision to discriminate against firearms businesses and their answers aren’t likely to soothe investors. Justin Danhof, General Counsel for the National Center Public … Read more
When any public company decides to focus not on its core area of business, but on re-making society in a way senior management envisions, investors should run for the hills. “Citigroup has no business threatening law-abiding business owners for exercising their Second Amendment rights,” (Justin) Danhof told (Citibank) CEO Michael Corbat and the company’s board. … Read more
A story in yesterday’s New York Times by Adam Rappeport was titled, Banks Tried to Curb Gun Sales. Now Republicans Are Trying to Stop Them. They say that like it’s a bad thing. It seems that some members of Congress are taking an appropriately dim view of financial services giants — companies that benefitted from tens or even … Read more
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