Caso de elipse? Ellipsis?

I was searching for information about ellipsis to better understand a phrase I've read recently.

The phrase is: "The bank informed this Wednesday (15/01) that will pay an additional US$ 5 billion." Is it wrong to leave out the "it" before "will"?

Or is it necessary to write: "The bank informed this Wednesday (15/01) that IT will pay an additional US$ 5 billion."?

The phrase was written for a newspaper article, thus formal language.

Thanks in advance!