Louisiana Blocks BofA and Citi From Bond Sale Due to Gun Policies -Bloomberg

--Louisiana's bond commission voted 7-6 on Thursday to ban Bank of America Corp. (BAC) and Citigroup Inc. (C) from working on a $600 million bond sale due to their "restrictive gun policies," Bloomberg News reported Friday.

--Treasurer John Schroder said in a statement that "I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens," Bloomberg reported.

--A spokesman for Citigroup, which announced gun-related restrictions for its retail customers in March, said its policy "is a positive and balanced step to promote gun safety without undermining free markets or Second Amendment rights." A spokesman for Bank of America declined to comment.

Full story: www.bloomberg.com/news/articles/2018-08-17/bofa-citi-banned-from-louisiana-bond-sale-due-to-gun-policies

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

August 17, 2018 14:12 ET (18:12 GMT)

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