Bank of America to stop lending to some gun manufacturers in wake of Parkland massacre

Bank of America to stop lending to some gun manufacturers in wake of Parkland massacre

A craftsman holds a newly assembled AR-15 rifle in 2013 at the Stag Arms company in New Britain, Conn. (Charles Krupa/Associated Press) Bank of America will stop lending to manufacturers of “military-style firearms” that are sold for civilian use, a bank official revealed this week. Anne Finucane, a vice chairman at Bank of America, announced the plans Tuesday in an interview with Bloomberg Television , saying the bank had “intense conversations over the last few months” with its gun-manufacturer clients to let them know Bank of America would no longer finance their operations. “We have just a handful of manufacturers. They know what our intentions are,” Finucane told Bloomberg. “It’s our intention not to finance these military-style firearms for civilian use.” Finucane did not specify a timeline for when Bank of America would implement its decision — beyond noting it would be on a “go-forward basis” — nor did […]

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