MAYBE THE FEARED STAMPEDE OF DEPARTING BANKERS ISN’T MATERIALIZING.

U.S. bank currently employs about 850 people in London; it says it will occupy all of the new building, which can house about 2,600 workers and is scheduled for completion in the third quarter of next year. If a bank with a market capitalization of US$245 billion trebles its City An Ipsos Mori poll published Saturday showed one in 10 Britons either delaying or scrapping “big” spending decisions; but 57 per cent said they foresee no change in their financial situation in the coming six months.

Brexit has been trotted out to explain various ills, some