Central bank may ask banks to raise more capital in its audit review
Tue, Apr 29, 2014 - 6:00 AM
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...