Canadian lender BMO to wind down retail auto finance business

September 17, 2023 Alexis Mobility Comments Off

A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) – Bank of Montreal (BMO) (BMO.TO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada’s third largest bank said on Saturday.The move, applicable in Canada and the United States, comes after BMO’s bad debt provisions in retail trade surged to C$81 million ($60 million) in the quarter ended July 31 compared with a recovery of C$9 …
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U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

September 28, 2023 Comments Off on U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File photo Acquire Licensing RightsShow more companiesNEW YORK, Sept 27 (Reuters) – The U.S. Securities and Exchange [...]
Antarctic winter sea ice hits ‘extreme’ record low

September 28, 2023 Comments Off on Antarctic winter sea ice hits ‘extreme’ record low

Sept 25 (Reuters) – Sea ice that packs the ocean around Antarctica hit record low levels this winter, the U.S. National Snow and Ice Data Center (NSIDC) said on Monday, adding to scientists’ fears that [...]
Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

September 28, 2023 Comments Off on Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

A view shows the headquarters of Brazil’s central bank in Brasilia, Brazil August 25, 2021. REUTERS/Amanda Perobelli/File Photo Acquire Licensing RightsBRASILIA, Sept 27 (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said [...]
Teamsters union asks NHTSA to deny GM’s bid to exempt Cruise from safety standards

September 28, 2023 Comments Off on Teamsters union asks NHTSA to deny GM’s bid to exempt Cruise from safety standards

[1/2]A self-driving GM Bolt EV is seen during a media event where Cruise, GM’s autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing [...]
San Francisco Mayor Calls for Drug Testing for Welfare Recipients

September 28, 2023 Comments Off on San Francisco Mayor Calls for Drug Testing for Welfare Recipients

San Francisco Mayor London Breed proposed a plan which would require welfare recipients to undergo drug testing and engage in treatment programs. The announcement comes as the city deals with an average of three overdose [...]

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