Citigroup stops debanking gun retailers

Citigroup announced Tuesday that it’s ending its policy restricting banking services to businesses selling firearms, citing “regulatory developments, recent executive orders and federal legislation.”

The policy, which required retailers to limit gun sales to people over 21, was originally implemented in 2018 after a 19-year-old shot and killed 17 students at Marjory Stoneman Douglas High School in Parkland, Fla. However, in a statement released Tuesday, the bank indicated it will “no longer...