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Scoop: Bank of America to review relationships with gunmakers

AR-15 semi-automatic guns on display at a gun store in Utah. Photo: George Frey/Getty Images

Beginning what could become a widespread financial squeeze on gun manufacturers, Bank of America says in a statement to Axios that it is reexamining its relationship with banking clients who make AR-15s.

"We are joining other companies in our industry to examine what we can do to help end the tragedy of mass shootings, and an immediate step we’re taking is to engage the limited number of clients we have that manufacture assault weapons for non-military use to understand what they can contribute to this shared responsibility."
— Statement from Bank of America