Medici Bank
E646709
Medici Bank was a powerful and influential Renaissance-era financial institution run by the Medici family, which played a central role in European banking and politics.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Medici Bank canonical | 3 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf | bank ⓘ |
| activity |
deposit taking
ⓘ
foreign exchange ⓘ lending ⓘ papal finance ⓘ trade finance ⓘ |
| branch |
Avignon
NERFINISHED
ⓘ
Bruges NERFINISHED ⓘ Geneva NERFINISHED ⓘ London NERFINISHED ⓘ Lübeck NERFINISHED ⓘ Milan NERFINISHED ⓘ Naples NERFINISHED ⓘ Pisa NERFINISHED ⓘ Rome NERFINISHED ⓘ Venice NERFINISHED ⓘ |
| client |
European princes
ⓘ
Roman Curia NERFINISHED ⓘ merchant houses ⓘ papacy ⓘ |
| country | Republic of Florence NERFINISHED ⓘ |
| dissolved | 1494 ⓘ |
| era | Renaissance ⓘ |
| foundedBy |
Giovanni di Bicci de' Medici
NERFINISHED
ⓘ
Medici family NERFINISHED ⓘ |
| headquartersLocation | Florence NERFINISHED ⓘ |
| historicalSignificance |
helped develop early modern banking practices
ⓘ
major financial power in 15th‑century Europe ⓘ |
| inception | 1397 ⓘ |
| industry |
banking
ⓘ
finance ⓘ |
| locatedIn | Florence ⓘ |
| notableEmployee |
Cosimo de' Medici
NERFINISHED
ⓘ
Giovanni di Bicci de' Medici NERFINISHED ⓘ Lorenzo de' Medici NERFINISHED ⓘ Piero di Cosimo de' Medici NERFINISHED ⓘ |
| ownedBy | Medici family NERFINISHED ⓘ |
| reasonForDecline |
bad loans
ⓘ
mismanagement ⓘ political upheaval in Florence ⓘ |
| significantEvent |
became principal banker to the papacy
ⓘ
contributed to Medici patronage of the arts ⓘ financed Medici political rise in Florence ⓘ |
| usedInstrument |
bills of exchange
ⓘ
letters of credit ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.