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The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned restructuring, the banker told Reuters on Monday.The latest step in the bank's reorganisation was announced on Monday, with Citi's CEO, Jane Fraser, saying that "the actions we're taking to reorganize...

European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union's investment arm.The European Investment Fund (EIF) said it had invested 125 million euros in the 'Green Energy Solutions Fund', which is run by Sustainable Development Capital (SDCL).The investment helped the fund hit its fundraising target of 650 million...

BUDAPEST, Nov 17 (Reuters) - The National Bank of Hungary is expected to cut its base rate by another 75 basis points to 11.5% (HUINT=ECI) next Tuesday, a Reuters poll showed, with the bank under pressure from Prime Minister Viktor Orban's government to reduce rates more sharply.With the European Union's highest inflation rate declining, from a high of 25% in the first quarter to a lower-than-forecast 9.9% last month, the NBH has cut borrowing costs by a combined 575 bps since May to 12.25% - still the EU's highest benchmark.Hungary...