Texas AG to halt most of Citigroup's municipal offerings on gun law row

[1/2] Attorney General of Texas Ken Paxton speaks during former U.S. President Donald Trump's rally, in Conroe, Texas, U.S., January 29, 2022. REUT...

January 26, 2023
3:00 AM

[1/2] Attorney General of Texas Ken Paxton speaks during former U.S. President Donald Trump's rally, in Conroe, Texas, U.S., January 29, 2022. REUTERS/Go NakamuraJan 18 (Reuters) - Citigroup Inc (C.N) has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that "has the effect" of Texas halting Citi's ability to underwrite most municipal bond offerings in the state.Republicans have been ramping up pressure on the finance industry over environmental, social and governance (ESG) investment practices.

Reuters