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Bank of America to stop lending to makers of assault-style guns

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Bank of America Corp. intends to stop issuing loans to companies that make assault-style guns for non-military purposes.

“It’s our intention not to finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at Bank of America, told Bloomberg.

“There are those that will reduce their portfolios, and we’ll work with them, and others that will do something else," she added.

Read more from Bloomberg.

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