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Banking In Italy
There are three main types of credit institutions and banks in Italy. Commercial banks, which include three national banks, chartered banks, cooperative banks, and private banks across the country, are the most common. However, savings banks organized on a provincial or regional basis in addition to investment institutions that issue bonds and provide medium- and long-term credit for public works and agriculture provide additional financial services. Unicredit is one of the largest banks in Europe by capitalization and Assicurazioni Generali is the seventh largest bank in the world by total assets. History The Etruscans and the early Romans did not have true minted coinage for many centuries. Debt and debt bondage, however, were probably rife. Wealthy landowners would make an "advance loan" of seed, foodstuffs or other essentials to tenants, clients and smallholders, in return for a promise of labour services or a substantial share of the crop. The terms of such "loans" co ...
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UniCredit Tower Milan
UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Borsa Italiana and Frankfurt Stock Exchange and is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets: Italy, Germany as HypoVereinsbank, Austria as Bank Austria, Russia and nine other Central and Southea ...
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Medieval
In the history of Europe, the Middle Ages or medieval period lasted approximately from the 5th to the late 15th centuries, similarly to the post-classical period of World history (field), global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early Middle Ages, Early, High Middle Ages, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralised authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the ...
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Italy
Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land border, as well as List of islands of Italy, nearly 800 islands, notably Sicily and Sardinia. Italy shares land borders with France to the west; Switzerland and Austria to the north; Slovenia to the east; and the two enclaves of Vatican City and San Marino. It is the List of European countries by area, tenth-largest country in Europe by area, covering , and the third-most populous member state of the European Union, with nearly 59 million inhabitants. Italy's capital and List of cities in Italy, largest city is Rome; other major cities include Milan, Naples, Turin, Palermo, Bologna, Florence, Genoa, and Venice. The history of Italy goes back to numerous List of ancient peoples of Italy, Italic peoples—notably including the ancient Romans, ...
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Bank Of Saint George (Genoa)
The Bank of Saint George ( or informally as ''Ufficio di San Giorgio'' or ''Banco'') was a financial institution of the Republic of Genoa. It was founded on 23 April 1407 to consolidate the public debt, which had been escalating due to the war with Venice for trading and financial dominance. The Bank's primary mission was to facilitate the management of the San Giorgio shares (''luoghi''). It was one of the oldest chartered banks in Europe and of the world. The Bank's headquarters were at the Palazzo San Giorgio, which was built in the 13th century by the order of Guglielmo Boccanegra, uncle of Simone Boccanegra, the first Doge of Genoa. On June 11, 1857 the ancient lock from the vault of the bank of St George was presented to the Philadelphia historical society by Lieutenant George H. Hare USN. The ''Financial Times'' hailed it as "the world's first modern, public bank", partly due to its innovative character. Operations Its parent, Casa di San Giorgio, administered the Bank ...
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Giovanni Di Bicci De' Medici
Giovanni di Bicci de' Medici ( – February 1429) was an Italian banker and founder of the Medici Bank. While other members of the Medici family, such as Chiarissimo di Giambuono de' Medici, who served in the Signoria of Florence in 1401, and Salvestro de' Medici, who was implicated in the Ciompi Revolt of 1378, are of historical interest, it was Giovanni's founding of the family bank that truly initiated the family's rise to power in Florence. He was the father of Cosimo de' Medici and of Lorenzo the Elder; grandfather of Piero di Cosimo de' Medici; great-grandfather of Lorenzo de' Medici (the Magnificent); and the great-great-great-grandfather of Cosimo I de' Medici, Grand Duke of Tuscany. Biography Giovanni di Bicci de' Medici was born in Florence, Italy. He was the son of Averardo de' Medici and Jacopa Spini. His father, Averardo died in 1363 with a respectable amount of wealth. This inheritance was divided among Giovanni and his four brothers, leaving Giovanni with ...
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Noble Foster Hoggson
Noble Foster Hoggson Sr. (1865–1939) was a builder, architect, and author in the United States. He specialized in building and planning banks in New York City. He partnered with his brother William J. Hoggson to establish Hoggson Brothers. His son, Noble Foster Hoggson Jr., was a prominent landscape architect. Biography Hoggson was born in New Haven, Connecticut on August 27, 1865, to Samuel J. Hoggson and Luey (McLean) Hoggson. His father was from Glasgow, Scotland and was an engraver and die maker. Hoggson graduated from Yale in 1888 and then continued his studies of architecture in Europe. Hoggson worked at Charles Wellford Leavitt's firm. He established Hoggson Brothers Builders in 1889 and incorporated it in 1907.''Cambridge Tribune''
Volume XL, Number 49, February 2, 1918
His br ...
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Peruzzi
The Peruzzi family were bankers of Florence, among the leading families of the city in the 14th century, before the rise to prominence of the Medici. Their modest antecedents stretched back to the mid 11th century, according to the family's genealogist Luigi Passerini, but a restructuring of the Peruzzi company in the 1340's, with an infusion of outside capital, marked the start of a quarter-century of prosperity that brought the family consortium to the forefront of Florentine affairs. Patronage Semi-public patronage reaffirmed the Peruzzi status in Florence: in his will in 1299, Donato di Arnoldo Peruzzi left money for a memorial chapel in a transept of the Basilica of Santa Croce, Florence. It was probably his grandson Giovanni di Rinieri Peruzzi who was Giotto's patron in frescoing the walls with murals honoring John the Evangelist and John the Baptist, which Giotto executed, starting in 1313. For economic historians, the surviving account books of the Peruzzi from the yea ...
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Bardi Family
The House of Bardi was an influential Florence, Florentine family that started the powerful banking company Compagnia dei Bardi. In the 14th century the Bardis lent Edward III of England 900,000 Florin (Italian coin), gold florins, a debt which he failed to repay along with 600,000 florins borrowed from the Peruzzi family, leading to the collapse of both families' banks. During the 15th century the Bardi family continued to operate in various European centres, playing a notable role in financing some of the early voyages of discovery to The Americas, America including those by Christopher Columbus and John Cabot. History The nobility of the Bardi family has been documented since the year 1164, when Emperor Friedrich Barbarossa relinquished the county of Vernio to Count Alberto along with "the right to confer the noble title on his descendents.". Countess Margherita, the last of Alberto's line, sold Vernio to her son-in-law, Piero de' Bardi. Alberto's property included "a castle ...
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Genoa
Genoa ( ; ; ) is a city in and the capital of the Italian region of Liguria, and the sixth-largest city in Italy. As of 2025, 563,947 people live within the city's administrative limits. While its metropolitan city has 818,651 inhabitants, more than 1.5 million people live in the wider metropolitan area stretching along the Italian Riviera. On the Gulf of Genoa in the Ligurian Sea, Genoa has historically been one of the most important ports on the Mediterranean: it is the busiest city in Italy and in the Mediterranean Sea and twelfth-busiest in the European Union. Genoa was the capital of one of the most powerful maritime republics for over seven centuries, from the 11th century to 1797. Particularly from the 12th century to the 15th century, the city played a leading role in the history of commerce and trade in Europe, becoming one of the largest naval powers of the continent and considered among the wealthiest cities in the world. It was also nicknamed ''la S ...
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Venice
Venice ( ; ; , formerly ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 islands that are separated by expanses of open water and by canals; portions of the city are linked by 438 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po River, Po and the Piave River, Piave rivers (more exactly between the Brenta (river), Brenta and the Sile (river), Sile). As of 2025, 249,466 people resided in greater Venice or the Comune of Venice, of whom about 51,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua, Italy, Padua and Treviso, Italy, Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Adr ...
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Siena
Siena ( , ; traditionally spelled Sienna in English; ) is a city in Tuscany, in central Italy, and the capital of the province of Siena. It is the twelfth most populated city in the region by number of inhabitants, with a population of 52,991 as of 2025. The city is historically linked to commercial and banking activities, having been a major banking centre until the 13th and 14th centuries. Siena is also home to the List of oldest banks in continuous operation, oldest bank in the world, the Banca Monte dei Paschi di Siena, Monte dei Paschi, which has been operating continuously since . Several significant Mediaeval and Renaissance painters were born and worked in Siena, among them Duccio di Buoninsegna, Ambrogio Lorenzetti, Simone Martini and Stefano di Giovanni, Sassetta, and influenced the course of Italian and European art. The University of Siena, originally called ''Studium Senese'', was founded in 1240, making it one of the List of oldest universities in continuous oper ...
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