Gran Tavola of Siena collapses
1314
The Bonsignori company, Siena's greatest bank and once the pope's principal financier, failed after overextension in royal loans across Europe. Siena's financial primacy passed to Florentine houses - the Bardi, Peruzzi, and Acciaiuoli - who had learned from Sienese mistakes but would repeat them. The Bonsignori failure was an early case of a theme that would recur: kings' wars destroying the banks that funded them.
In context
Also in 1314 (3 other events on record)
- Bannockburn: Bruce shatters the English host · Europe · War
- Jacques de Molay burned on the Seine · Europe · Religion
- Philip IV the Fair dies hunting · Europe · Politics
Before and after in Europe
Before and after in Politics
Era
Late Middle Ages (1301–1500), one of 874 events from that era on Saeculum.