Comment: Banks in no rush for break

Davos may be cold, but it looks like a more comfortable home for bankers than London.

British prime minister Theresa May appears dead set on torpedoing her country’s key export product, financial services, with her talk of a clean break with the EU signalling the end of Britain’s membership of the single market.

However, even as talk turns to building an escape raft to Dublin, Paris, or New York, there is little reason for bankers to jump ship immediately.