Bank of America halting business with makers of military-style guns for civilian use

Bank of America halting business with makers of military-style guns for civilian use

The AR-15 is the top-selling assault rifle in the U.S., despite the calls for it to be banned. USA TODAY Bank of America will stop lending to business clients that manufacture military-style weapons for civilian use, becoming the latest U.S. financial institution to break ties with gunmakers following the mass shooting massacre at a Florida high school . "We want to contribute in any way we can to reduce these mass shootings," Anne Finucane , vice chairman of the Charlotte, N.C.-based banking giant, said during a Bloomberg TV interview on Tuesday. "We do have a few manufacturers of military-style firearms" as clients, said Finucane. "We’re in discussions with them. We have let them know … it’s not our intention to underwrite or finance military-style weapons on a go-forward basis." The bank does lending or underwriting business with a "handful" of gun manufacturers, Finucane said, without identifying the companies. The […]

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