Medici Bank founded in Florence
1397
Giovanni di Bicci de' Medici opened a small banking partnership on a Florentine corner. His sons and grandson would expand it into the most influential financial institution in Europe, lending to popes and kings, financing the Renaissance, and indirectly placing Medici lords on thrones across the Italian and French states.
In context
Also in 1397 (3 other events on record)
- Union of Kalmar: Margaret rules three crowns · Europe · Politics
- Manuel Chrysoloras teaches Greek in Florence · Europe · Culture
- Ming relocates Muslim administrators to frontier · East Asia · 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.
Sources