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US financial firms pledge $1.7 billion to UK ahead of Trump's visit
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US financial firms pledge $1.7 billion to UK ahead of Trump's visit
Sep 13, 2025 7:47 PM

Sept 14 (Reuters) - The British government on Saturday

announced over 1.25 billion pounds ($1.69 billion) in fresh

investment from major U.S. financial firms, including PayPal ( PYPL )

, Bank of America ( BAC ), Citigroup ( C/PN ) and S&P

Global ( SPGI ), ahead of a state visit by President Donald

Trump.

The investment is expected to create 1,800 jobs across

London, Edinburgh, Belfast and Manchester, and deepen

transatlantic financial ties, the Department for Business and

Trade said.

Bank of America ( BAC ) will launch its first operation in Northern

Ireland, creating up to 1,000 jobs in Belfast. Citigroup ( C/PN ) plans

to invest 1.1 billion pounds across its UK operations, including

a further commitment to growing its presence in Northern

Ireland.

S&P Global ( SPGI ) will invest over 4 million pounds in Manchester,

supporting 200 permanent roles, while BlackRock ( BLK ) is

expected to allocate 7 billion pounds to the UK market next year

and has opened a new office in Edinburgh, nearly doubling its

local workforce.

"These investments reflect the strength of our enduring

'golden corridor' with one of our closest trading partners,"

said Britain's trade minister, Peter Kyle.

Finance minister Rachel Reeves said the investments would

"kickstart the growth that is essential to putting money in

working people's pockets across every part of the United

Kingdom."

The government said the deals line up 20 billion pounds in

trade between Britain and the U.S.

Also on Saturday, the British Embassy in Washington said the

countries were planning to sign a technology agreement in the

coming days to bolster collaboration between their

trillion-dollar tech sectors.

Trump is to fly to Britain on Tuesday for his second state

visit, which is expected to last three days.

($1 = 0.7377 pounds)

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