UK government: US companies plan to invest over £1.25 billion in the UK financial services sector

Jinse Finance reported that the UK government announced on Saturday that the US private sector will invest over £1.25 billion (approximately $1.69 billion) in the UK's financial services sector, including PayPal, Bank of America, Citigroup, and S&P Global. The statement said that these new US investments will create 1,800 jobs in the UK and bring greater convenience to millions of customers. The statement also pointed out that this agreement promotes £20 billion in trade between the two countries, including a £7 billion commitment that BlackRock is expected to make in the UK. According to the statement, Bank of America will create up to 1,000 new jobs in Belfast, marking the bank's first business operation in Northern Ireland; Citigroup will invest £1.1 billion in its UK business; S&P Global will invest £4 million in Manchester, creating 200 permanent positions.