Citigroup's (C) Head of Enterprise Services and Public Affairs Edward Skyler said in a post on Tuesday that the company will no longer have a firearms-specific policy as part of the bank's commitment to "fair and unbiased access" to its products.
The company ended its 2018 US commercial firearms policy that put certain restrictions on firearms sales by its retail sector clients and partners.
"The policy was intended to promote the adoption of best sales practices as prudent risk management and didn't address the manufacturing of firearms," Ed Skyler said.
Shares of Citigroup were up 1% in recent trading.
Price: 76.64, Change: +0.80, Percent Change: +1.05
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