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Bank of Montreal scaling down retail auto finance business

Bank of Montreal scaling down retail auto finance business
Poor debt provisions in retail trade spiked to C$81m, compared to a C$9m recovery a year earlier, according to the latest quarter-end results. This performance signifies the increasing pressure flowing from rising borrowing costs. In a communication shared with Reuters, the Bank informed automotive dealers that new agreements are off the table as of 15 […] The post Bank of Montreal scaling down retail auto finance business appeared first on LeapRate... Read More
Posted: Sep 18 2023, 09:17
Author Name: leaprate
Views: 091177

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