Expansion of Florentine Banking (Early 14th Century)

Name: Expansion of Florentine Banking (Early 14th Century)
Start: 1301
End: 1310

Type Event Region Europe Time 1301–1310

In the early 14th century, Florentine banking families such as the Peruzzi and Bardi expanded branch networks across Europe, providing credit and exc…

Timeline

1301–1305Florence · TuscanyFamilies such as the Peruzzi and Bardi established headquarters in Florence and opened branches in London, Paris, Bruges, Avignon, and elsewhere, forming an early transnational banking network engaged in deposits, exchange, and trade finance.
1305–1310Avignon · ProvenceFlorentine banks became the papacy's principal financial agents in Avignon and lent to the crowns of England, Naples, and others. Tools such as double-entry bookkeeping, bills of exchange, and letters of credit drove cross-border capital flows, and the political influence of the Florentine merchant class rose.

Sources

The Medici Bank and the World of Florentine Capitalism — Raymond de Roover (1963)