British government: US companies plan to invest more than £1.25 billion in UK financial services

Golden Finance reported that the British government announced on Saturday that the private sector from the United States will invest more than 1.25 billion pounds (about 1.69 billion US dollars) in the UK's financial services sector, including PayPal, Bank of America, Citigroup and S&P Global. The new U.S. investments will create 1,800 jobs in the UK and bring more convenience to millions of customers, the statement said. The statement also pointed out that the agreement promoted £20 billion in trade between the two countries, including BlackRock's additional £7 billion promise that it is expected to be in the UK. According to the statement, Bank of America will create up to 1,000 new jobs in Belfast, the bank's first business in Northern Ireland; Citigroup will invest 1.1 billion pounds in its UK business; S&P Global will invest 4 million pounds in Manchester to create 200 permanent jobs.