By Marcus Leach

Trading in sharers of Italian bank Unicredit have been suspended following a 9.9% decrease on the Milan FTSE exchange.

The sharp fall in share price came after the bank announced the price for a 7.5bn euro ($9.8bn; £6.3bn) rights issue at a 69% discount to Tuesday's closing price.

At present the bank has the second largest shortfall in Europe, with Santander having the biggest. Unicredit faces a 7.97bn euro capital shortfall in order to meet new rules set by the European Banking Authority.

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