re: Bank of America ceases financing gun manufacturers

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They'll have lenders backing out the door to take BoA's place if they need financing.


Why are you so sure of this? You think these lenders want the publicity it would bring that they're financing the gun industry since BOA and Citi won't?

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Because it's a lucrative industry, and many of the boards of these banks will point out, correctly, that the bank has a fiduciary duty to its shareholders.

Corporate finance is a huge industry with a lot of players. It's quite literally impossible to freeze out financing for a firm as long as its profitable and legal.

If all the top 20 banks decided to do it, then some smaller bank will certainly jump up and snatch the opportunity. Just the way it works.

And there is private equity, corporate debt specialists, etc. all there ready to take their place if big banks don't want to play ball.