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Embattled B.C. P3 lender to be cut loose by German parent
Depfa Bank PLC, a key source of credit to several British Columbia public-private partnership projects and a financial sink hole for its German parent, will be cut loose according to media sources. The... World credit crunch makes local P3 projects risky propositions
The Vancouver Sun has published a major feature that raises serious questions about the financial health of privately-financed infrastructure projects in British Columbia.The investigative report comes a day... BC P3 banker embroiled in Italian bond scandal
Depfa Bank, a major lender to public infrastructure projects in British Columbia, has found itself embroiled in a major bond scandal involving Italian local governments, according to The Telegraph newspaper. The... Claimants sought for class action against bank linked to BC P3s
A Frankfurt-based law firm is warning investors in Hypo Real Estate (HRE) that time may be running out to make claims for damages against the troubled German lender.The firm Winheller Attorneys says that... Insider trading investigated at bank linked to BC P3s
Hypo Real Estate (HRE), the real estate and public finance bank linked to several high profile government projects in British Columbia, is being investigated by German prosecutors for suspicion of insider trading.... European bank funding BC P3s may be broken up by new owners
Dexia, the Belgian-French bank that's involved in several public-private partnership schemes in British Columbia, may be broken up by the governments who bailed it out. The bank is providing financing for the Royal Jubilee Hospital expansion in Victoria, a new Surrey... B.C. P3 banker sued over alleged lack of financial disclosure
Investors are suing the German bank that's financing two hospital projects in British Columbia. Hypo Real Estate clients are alleging that the bank failed to disclose in a timely manner its exposure to the market... Bank Linked to B.C. p3s Raided by German Prosecutors
German prosecutors have raided the offices of a company linked to two high profile hospital projects in B.C. " German prosecutors said Wednesday they have searched the offices of troubled lender Hypo Real Estate... Hansen, Baird Continue to Push p3s Despite Global Warnings
The federal minister in charge of transportation and infrastructure, John Baird, will be meeting today with B.C. finance minister Colin Hansen to talk about fast-tracking infrastructure investments to offset the slowdown in the economy. Both the B.C. and federal... B.C. bridge banker short on cash for U.K highway project
A British newspaper is reporting that Dexia, the Franco-Belgian bank involved in financing B.C.'s Golden Ears Bridge project through a so-called public-private partnership (P3) deal, has failed to come up with the... Government privatization agency downplays financial risk to Victoria hospital...
The head of the B.C. government agency charged with promoting privately financed public infrastructure has a rosy view of the current credit crisis facing the European banks that are putting up the capital for an... Ailing European bank tied to B.C. hospital projects
More trouble ahead for B.C. infrastructure projects?"The Munich-based company reported on Nov. 12 a wider-than- estimated third-quarter loss of 3.1 billion euros ($3.9 billion) after a 2.5 billion-euro goodwill writedown for Depfa Bank Plc. The company sought a 50...
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