Dennis Santiago: Lender Severs Ties With Gun Industry

Another Bank Will Take Its Place

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Fifth Third Bank, one of the largest money managers in the Midwest and South, will "discreetly" end doing business with firearms-related businesses. Dennis Santiago explains this follows a shooting at the Fifth Third Center in Cincinnati that killed three people and wounded two. It's terrible, but it shouldn't shift how financing of an industry takes place. They do business with customers who work with the firearms industry. Dennis concludes it's likely a small group of banks will walk away, but others making proper business decisions will take their place. Originally aired on Cam & Co 10/10/18.