As someone who works in finance in Scotland there are several other factors outwith this article to consider. I know people who have left because of the inertia

As someone who works in finance in Scotland there are several other factors outwith this article to consider. I know people who have left because of the inertia at some banks - systems don't improve and "workarounds" are the norm. Retail banks that aren't risk driven can have horrific IT. But there are reasons to stay in - plenty of institutions manage to be places you can have a lifelong career at, they won't lay you off and you can do relatively interesting work. That is the flip side of the personal risk the author talks about. These places don't pay $400k. And especially don't do obscene bonuses - but they don't treat you like dirt either. Half the reason they don't get mentioned often is that people don't leave very often, there isn't scandal associated with the companies. My employer has a reputation for being the place people come to from other companies.