Citigroup is setting restrictions on the sale of firearms by its business customers, making it the first Wall Street bank to take a stance in the divisive nationwide gun control debate.

The new policy, announced Thursday, prohibits the sale of firearms to customers who have not passed a background check or who are younger than 21. It also bars the sale of bump stocks and high-capacity magazines. It would apply to clients who offer credit cards backed by Citigroup or borrow money, use banking services or raise capital through the company.

The rules, which the company described as "common-sense measures," echo similar restrictions established by some major retailers, like Walmart. But they also represent the boldest such move to emerge from the banking sector.

I would imagine that if they lend money to a manufacturer or retailer, they could actually write loan covenants that prohibited the sales. If their borrower then did sell those items, it would be a covenant violation and could trigger a default.

Quite a stretch of their mission, I would think. PC Globalist BS. I can think of any number of vices that they may finance that are potentially more harmful. Are they going to limit those as well? They are acting as the government. Pretty full of themselves.

I would think that any customer who disagrees would see fit to dump their sorry a**es and find another bank.