Citigroup, BofA Banned from Louisiana Bond Sale Over Gun Stance

Citigroup, BofA Banned from Louisiana Bond Sale Over Gun Stance

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Taylor Riggs discusses the exclusion of Bank of America and Citigroup from a Louisiana bond deal due to their gun policies. The decision, driven by Louisiana's desire to defend gun rights, was contentious and involved feedback from state lawmakers. Although the financial impact on the banks is minimal, there is concern about other states adopting similar policies. Historical parallels are drawn with Wells Fargo's past issues.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the response from Citigroup and Bank of America during the Commission meeting?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Can you provide examples of other public officials or states that have taken similar stands against financial institutions?

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