Bank of America, Citigroup, and BlackRock Drive $1.7 Billion UK Investment
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Bank of America, Citigroup, and BlackRock are set to drive a £1.7 billion investment in the UK. Bank of America will open its first operation in Northern Ireland, hiring up to 1,000 staff. Citigroup commits £1.1 billion to its UK base, while BlackRock plans to allocate £7 billion by 2026. S&P Global will fund £4 million for new jobs in Manchester. UK officials view these investments as a vote of confidence and a means to boost growth. A new technology pact between the UK and US is also on the horizon, coinciding with Trump's state visit.
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