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 The days of corporate banking overlords forcing discriminatory policies on lawful industries is, hopefully, coming to an end. The Office of the Comptroller of the Currency released a proposed rule that would end the practice of unaccountable banking executives denying firearm industry businesses banking services to force gun control even as they … 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
Since Parkland, the anti-gun left has enlisted the help of corporate America to do what they haven’t been able to accomplish through federal legislation or the courts – squeeze the NRA and the gun industry. We’ve seen car rental companies, airlines, cybersecurity companies and even cooler makers drop their affiliate deals with the NRA. What’s … Read more
“Louisiana’s plans to finance about $600 million in interstate projects got tangled up Thursday in a dispute over moves by two banking giants to restrict gun sales by their business customers.” Oh, don’t you just hate when that happens? The State Bond Commission, which regulates the roadwork financing plans, disagreed about how and if Louisiana … Read more
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