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BMO to shutter indirect retail auto finance business as bad debt mounts

MONTREAL BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.

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BMO to shutter indirect retail auto finance business

BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.

Canada
Montreal
Quebec
Canadian
Jeff-roman
Financial-group

BMO to shutter retail auto finance business as bad debt mounts

BMO to shutter retail auto finance business as bad debt mounts
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BMO to shutter retail auto finance business as bad debt mounts

BMO to shutter retail auto finance business as bad debt mounts
investmentexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentexecutive.com Daily Mail and Mail on Sunday newspapers.

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BMO exiting retail auto finance business

The Bank of Montreal is exiting the retail auto finance business, as it looks to redeploy resources to areas where its “competitive positioning is strongest.”…

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