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Is BMO In Trouble? Subprime Auto Loan Nightmare!BMO Financial Group says it will close its retail auto finance business to reroute resources following a rise in bad debt. Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will. BMO is exiting the business of making loans to car buyers through dealerships. Chicago's second-largest bank by deposits is phasing out a long-.
