US Financial Firms Inject £1.25 Billion into UK, Creating 1,800 Jobs
American finance giants including PayPal, Bank of America, and Citi are pouring over £1.25 billion into Britain's financial sector, with Edinburgh, Belfast, and Manchester emerging as key beneficiaries. The investment wave reinforces the transatlantic 'golden corridor' ahead of President Biden's state visit.
BlackRock's anticipated £7 billion UK expansion anchors £20 billion in cross-border trade commitments. The capital infusion will drive fintech innovation and consumer banking upgrades, though cryptocurrency firms remain conspicuously absent from the announced partnerships.