Citigroup Acted. Now, Two New Ideas on How Banks Can Limit Gun Sales.

Citigroup Acted. Now, Two New Ideas on How Banks Can Limit Gun Sales.

Gene Blevins | Reuters
Customers view semi automatic guns on display at a gun shop in Los Angeles, California.

On Saturday afternoon, as hundreds of thousands of people joined the March for Our Lives around the nation, I was on the phone with Michael Corbat, chief executive of Citigroup.

Mr. Corbat had taken the remarkable step on Thursday of authorizing a new set of rules to restrict gun sales by Citi’s clients, the first time a Wall Street bank had used its position to influence the gun control debate.

Five weeks earlier, a gunman’s attack at a high school in Parkland, Fla., had left 17 dead. Soon afterward, I wrote a column challenging the business world to “effectively set new rules for the sales of guns in America,” given Washington’s intransigence.

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