Medici Bank

The Medici Bank, established in the 15th century in Florence, was a pioneering financial institution founded by the Medici family. It became one of the most powerful banking houses in Europe, handling deposits, loans, and currency exchanges for clients across countries. The bank contributed to the Medici family's political influence and supported the arts and culture of the Renaissance. Its innovative practices included early steps in managing credit and investments, shaping modern banking systems, and fostering economic growth in Europe. Despite its decline in the late 15th century, the Medici Bank remains a significant example of medieval banking's evolution.