Anyone else get the feeling that this’ll backfire on Bank of America?
Bank of America to stop lending to clients who make assault rifleshttps://t.co/9dMOx4hGUv
— Axios (@axios) April 10, 2018
Bank of America will no longer lend money to manufacturers of firearms like the AR-15, which has been used in multiple mass shootings https://t.co/yeX74mFb4s
— The New York Times (@nytimes) April 10, 2018
More from the New York Times:
Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings, a company executive said Tuesday.
The policy is the latest example of Wall Street wading into the divisive gun control debate after Citigroup’s announcement last month that it would require business customers to restrict certain types of firearms sales.
“We want to contribute in any way we can to reduce these mass shootings,” Anne M. Finucane, vice chairwoman at the Bank of America, said on Bloomberg TV.
Hate to break it to you, Anne, but the only thing you’ll be contributing to is pissing off a good chunk of your customers.
Garbage bank makes garbage move. https://t.co/kzrl2e1XIR
— David Edward (@_David_Edward) April 10, 2018
So glad I closed my account last year
— The Wookiee (@twookie33) April 10, 2018
Look for @NRA to encourage members to take banking elsewhere.
— Dave Shea (@davejshea) April 10, 2018