bank bailout: This means that a newly created bank bailout fund which had fully underwritten the capital increase will own 99.3 percent of the bank, according to Euro News. The consortium comprised Uni Credit
, Mediobanca , BNP Paribas , Deutsche Bank and JP Morgan . The sources said the banks involved would receive some form of reimbursement for expenses linked to the transaction, without specifying the amount. euronews provides breaking news articles from Reuters as a service to its readers, but does not edit the articles it publishes. The Milan stock exchange had earlier said the bank could not be allowed to list on the market after investors only bought 7.7 percent of the bank cash call. Copyright 2016 Reuters. (news.financializer.com). As reported in the news. Tagged under bank bailout, topics.