Latest news with #firearms
CNN
39 minutes ago
- Business
- CNN
Citigroup reverses firearms policy after pressure from Trump administration
A month after the 2018 mass school shooting in Parkland, Florida, Citigroup enacted restrictions for its clients that sold firearms — the first major bank on Wall Street to do so. On Tuesday, the bank rolled back that policy. 'We also will no longer have a specific policy as it relates to firearms,' the company said in a statement Tuesday. 'The policy was intended to promote the adoption of best sales practices as prudent risk management and didn't address the manufacturing of firearms.' The decision comes as the Trump administration alleges that Wall Street is biased against conservatives — a right-wing talking point since more than a dozen state auditors accused Bank of America of 'politicized de-banking' in an open letter last year (de-banking is when a bank closes an account for a customer it deems high risk). At the time, Bank of America said it has 'no political litmus test.' On Tuesday, Citi said it was 'following regulatory developments, recent Executive Orders and federal legislation.' In 2018, Citi said it would ban banking services to businesses that sold firearms to those under 21, those who didn't pass a background check, or sold bump stocks (used by the gunman in the 2017 mass shooting in Las Vegas) or high-capacity magazines. The policy applied to small businesses, commercial and institutional clients, and credit card partners, but did not restrict how individual customers used their cards. Big banks have recently caught the ire of the president as well as the crypto industry. In January at the annual World Economic Forum, President Donald Trump scolded Brian Moynihan, the CEO of Bank of America. 'You've done a fantastic job, but I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank,' Trump said. 'You and Jamie and everybody… What you're doing is wrong,' referring to JPMorgan Chase head Jamie Dimon. Citigroup also announced on Tuesday that it will update its employee Code of Conduct and its external Global Financial Access Policy 'to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion.'
CTV News
2 hours ago
- General
- CTV News
2 charged after 4 guns, 2,000 rounds of ammunition stolen west of Edmonton
Two firearms seized by police in May. (Credit: RCMP) Charges have been laid after four guns and 2,000 rounds of ammunition were stolen along with a vehicle west of Edmonton. The vehicle was reported stolen to Parkland RCMP on May 19. It was later recovered without the guns. On May 29, police executed a search warrant in Edmonton and seized two stolen guns A 46-year-old woman was arrested and charged with: possession of weapons contrary to order; unauthorized possession of a firearm; unsafe storage of a firearm; possession of a weapon obtained by crime; possession of stolen property over $5,000; and two counts of failing to comply with a release order. A 35-year-old man was arrested several days later and charged with: unsafe storage of a firearm; unauthorized possession of a firearm; and possession of stolen property over $5,000. The woman has a court date of July 29 in Stony Plain. The next court date for the man is pending.
Daily Mail
2 hours ago
- Business
- Daily Mail
Report: Donald Trump Jr. to soon launch an online firearm store
Donald Trump Jr. and his business partners will soon launch an online firearm store that some have dubbed the 'Amazon of guns.' In addition to helping his family run the Trump Organization, the first son is an avid marksman, and his new online venture called GrabAGun aims to make firearms more accessible. 'There's a lot of people that are buying guns that wouldn't have been the typical guys that were buying guns like I've been doing for decades,' Trump Jr. said on CNBC Tuesday morning. 'There's women coming into the marketplace for self defense. There's a younger generation that's shifting to the conservative side that understands the need to exercise their Second Amendment, and wants to do that.' 'This is giving them an opportunity with "grab a gun" to shop the way they shop virtually everything else,' he continued. Guns purchased from the online store still have to be picked up from an authorized and licensed retailer, the 47-year-old explained, noting that routine background checks and all lawful safety precautions are still followed. The real value, Trump Jr. says, is restoring access to firearms that have been put out of reach for customers. 'Walmart used to be the largest retailer of firearms in America. Corporate policies change, you can no longer have that access. You couldn't go to your local Walmart and buy these things anymore. So this is covering that void,' he said. The company announced a merger with a special purpose acquisition company (SPAC) helmed by conservative investor Omeed Malik, who joined Trump Jr. on CNBC. Malik has invested in former Fox News host Tucker Carlson's media startup and the 'anti-woke' online marketplace Public Square, along with other right-leaning ventures through his firm 1789 Capital. The investor and first son, along with GrabAGun CEO Marc Nemat, have pitched their company as the 'Amazon of guns.' Though firearms would first be sent to a dealer authorized under the proper Federal Firearms Licenses, accessories and other products will be directly shipped to consumers' homes. The online platform lets users 'buy guns and ammunition online just like you can on Amazon because we have a Second Amendment right,' Malik has said. The website currently features a variety of small arms, rifles, shotguns, ammunition, scopes, magazines and more. It also sells fishing, hunting and camping equipment along with knives, tents, sleeping bags and archery supplies. When the company goes public Trump Jr. will sit on its board, in addition to gun influencer and attorney Colion Noir. Trump Jr. said that when customers go to pick up their orders at local gun stores or other authorized locations users opt to bundle firearm training with their purchase. 'But again, through that you are actually going to that shop, you can learn about the training that they offer, which we encourage. So I definitely encourage everyone to get those kinds of trainings. I think it should be a package.'
Daily Mail
3 hours ago
- Business
- Daily Mail
Inside Donald Trump Jr.'s push to create the 'Amazon of guns', shaking up the online firearm purchase game
Donald Trump Jr. and his business partners will soon launch an online firearm store that some have dubbed the 'Amazon of guns.' In addition to helping his family run the Trump Organization, the first son is an avid marksman, and his new online venture called GrabAGun aims to make firearms more accessible. 'There's a lot of people that are buying guns that wouldn't have been the typical guys that were buying guns like I've been doing for decades,' Trump Jr. said on CNBC Tuesday morning. 'There's women coming into the marketplace for self defense. There's a younger generation that's shifting to the conservative side that understands the need to exercise their Second Amendment, and wants to do that.' 'This is giving them an opportunity with "grab a gun" to shop the way they shop virtually everything else,' he continued. Guns purchased from the online store still have to be picked up from an authorized and licensed retailer, the 47-year-old explained, noting that routine background checks and all lawful safety precautions are still followed. The real value, Trump Jr. says, is restoring access to firearms that have been put out of reach for customers. 'Walmart used to be the largest retailer of firearms in America. Corporate policies change, you can no longer have that access. You couldn't go to your local Walmart and buy these things anymore. So this is covering that void,' he said. The company announced a merger with a special purpose acquisition company (SPAC) helmed by conservative investor Omeed Malik, who joined Trump Jr. on CNBC. Malik has invested in former Fox News host Tucker Carlson's media startup and the 'anti-woke' online marketplace Public Square, along with other right-leaning ventures through his firm 1789 Capital. The investor and first son, along with GrabAGun CEO Marc Nemat, have pitched their company as the 'Amazon of guns.' Though firearms would first be sent to a dealer authorized under the proper Federal Firearms Licenses, accessories and other products will be directly shipped to consumers' homes. The online platform lets users 'buy guns and ammunition online just like you can on Amazon because we have a Second Amendment right,' Malik has said. The website currently features a variety of small arms, rifles, shotguns, ammunition, scopes, magazines and more. It also sells fishing, hunting and camping equipment along with knives, tents, sleeping bags and archery supplies. When the company goes public Trump Jr. will sit on its board, in addition to gun influencer and attorney Colion Noir. Trump Jr. said that when customers go to pick up their orders at local gun stores or other authorized locations users opt to bundle firearm training with their purchase. 'But again, through that you are actually going to that shop, you can learn about the training that they offer, which we encourage. So I definitely encourage everyone to get those kinds of trainings. I think it should be a package.' Malik and Trump Jr. have also announced a partnership on a new social club meant for Washington, D.C., socialites. Called the Executive Brach, the social club will be only for the city's wealthiest, charging a $500,000 membership fee.
CBC
4 hours ago
- General
- CBC
Police seize 3 handguns, $320K worth of drugs and $50K in cash from southeast Calgary apartment
Police who specialize in combating organized crime say they've arrested one man and seized hundreds of thousands of dollars' worth of cash and drugs along with three handguns from an apartment in the southeast Calgary community of Seton. The seizure happened on May 22 after members of the the Alberta Law Enforcement Response Teams (ALERT) executed a search warrant on the apartment. "The combination of drugs and handguns yield a considerable threat to community safety," Staff Sgt. Hayley Marquis said in a release. The three handguns were loaded and seized along with hundreds of rounds of ammunition, according to police. Two of the guns were reported stolen: one from Redcliff, Alta. and the other from Pincher Creek, Alta. Officers also seized two kilograms of cocaine and two kilograms of methamphetamine, which they estimate could be sold for $320,000, along with $51,000 in cash. A Calgary man was charged with possession of drugs for the purpose of trafficking, possession of proceeds of crime, and multiple firearms-related offences.
