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Chicago Mayor Targets TD Over Services To Smith & Wesson

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RAHM EMANUEL
Chicago mayor and former White House chief Rahm Emanuel. Toronto-Dominion Bank is facing criticism from Emanuel over the bank’s dealings with a major gun manufacturer. (AP Photo/Sitthixay Ditthavong, File) | AP

Toronto-Dominion Bank is facing criticism from Chicago Mayor Rahm Emanuel over the bank’s dealings with a major gun manufacturer, amid the debate over reforming firearms laws in the United States.

In a letter sent to the head of TD’s U.S. operations this week, the Chicago Mayor urged the bank to stop providing financial services to Smith & Wesson Holding Corp. until the gun maker co-operates on gun reforms. TD provides a $60-million (U.S.) line of credit to Smith & Wesson, according to Mr. Emanuel’s office.

Read the whole story at The Globe and Mail