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Wells Fargo’s Response to Brexit? It’s Buying in London’s Finance District

Pedestrians walk past the Bank of England in the heart of the City of London....

Wells Fargo WFC -2.51 % & Co. said Monday it will buy a new property in London and consolidate its operations there, a move that comes just under a month after U.K. voters chose to leave the European Union.

The San Francisco bank said it currently has 850 employees at four locations in London, and the move would bring those workers into a single building under development in the city’s financial district. The firm expects to move into the new building in...