Unicredit (UNCFF.PK) shares may have gotten slammed on the bank's capital raise today (off 14.5%...

|By:, SA News Editor

Unicredit (UNCFF.PK) shares may have gotten slammed on the bank's capital raise today (off 14.5% in Milan), but the bank did raise the necessary funds, "no mean feat" given the debt crisis, writes George Hay. On the hook now are the underwriters who will find themselves holding €7B worth of shares if the stock falls below the €1.94 subscription price before the end of January.