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ECB probes banks' risky shipping loans

Central bank may ask banks to raise more capital in its audit review

As it tries to clean up the region's banks, the ECB is taking a closer look at whether they need more capital to absorb possible losses on loans like Mr Robrahn's - PHOTO: REUTERS

[HAMBURG] Reederei Heinrich, a 149-year-old German shipping company, risks losing two of its three vessels unless it repays loans as financial stress in the industry spreads to banks facing a European Central Bank review.

The company, established near Hamburg, Germany's biggest port, has...

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