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2025-09-14 05:34:34
Ahead of US President Trump's state visit to the UK next week, the British government announced that Bank of America plans to create up to 1,000 new jobs in Belfast, marking the bank's first presence in Northern Ireland. The British government highlighted several US financial institutions' moves ahead of Trump's visit, saying they would boost US investment in the UK's financial services sector, including Bank of America's plan. According to a statement from the UK Department for Business and Trade, Citigroup will invest £1.1 billion (approximately $1.5 billion) in its UK operations, BlackRock will open a new office in Edinburgh, and S&P will invest over £4 million in its Manchester office. The statement quoted Bank of America CEO Brian Moynihan as saying that the "early UK-US trade agreement," which Trump and British Prime Minister Starmer have been negotiating since February, "provides the certainty and framework businesses need to strengthen transatlantic trade."
