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Like Britain, Switzerland has a financial sector which makes up close to 10% of its GDP.
Asked about its latest bad debt write-off, Wonga told the Observer: "We are a provider of short-term unsecured finance, a financial sector which due to its nature has always been traditionally riskier than other forms of finance.
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Scotland is host to a large financial sector, which contributes 12.5% of its GDP.
The empire thus bequeathed commercial habits, and an overmighty financial sector, which British taxpayers now have cause to regret.
Aides say Mr. de Blasio understands that his ambitious plans for housing and education could be undercut by a revolt in the financial sector, which generates a significant portion of city revenues.
The British have an even more concentrated banking system than we do, and a greater dependence on the financial sector, which meant a more severe crisis.
Even last year — a terrible one for the financial sector, which once supplied a huge percentage of corporate dividends — there were 62 cuts to 241 increases.
We have similar problems to many EU members states, from France down – too much public spending and borrowing, too sluggish growth – though like them we have stagnation with national characteristics, in our case a bloated, over-leveraged financial sector which has – how shall we put this? – been managed by Sicilians.
Still, the trend over the last year signals a major turnaround for the financial sector, which was hard hit in the wake of the financial crisis.
"The really fundamental question is whether the overall level of financial services pay is a consequence of the swollen financial sector which has resulted from oversimplistic financial deregulation.
The rise in inequality has coincided with an enormous growth in the financial sector, which remunerates its employees extremely generously.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com